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  • 1
    Publication Date: 2011-01-21
    Description: In the run-up to the recent financial crisis, an increasingly elaborate set of financial instruments emerged, intended to optimize returns to individual institutions with seemingly minimal risk. Essentially no attention was given to their possible effects on the stability of the system as a whole. Drawing analogies with the dynamics of ecological food webs and with networks within which infectious diseases spread, we explore the interplay between complexity and stability in deliberately simplified models of financial networks. We suggest some policy lessons that can be drawn from such models, with the explicit aim of minimizing systemic risk.〈br /〉〈span class="detail_caption"〉Notes: 〈/span〉Haldane, Andrew G -- May, Robert M -- England -- Nature. 2011 Jan 20;469(7330):351-5. doi: 10.1038/nature09659.〈br /〉〈span class="detail_caption"〉Author address: 〈/span〉Bank of England, Threadneedle Street, London EC2R 8AH, UK.〈br /〉〈span class="detail_caption"〉Record origin:〈/span〉 〈a href="http://www.ncbi.nlm.nih.gov/pubmed/21248842" target="_blank"〉PubMed〈/a〉
    Keywords: Biological Evolution ; Commerce/*economics/legislation & jurisprudence ; Communicable Diseases/transmission ; Economic Recession/statistics & numerical data ; *Ecosystem ; Financial Management/legislation & jurisprudence/*methods ; Food Chain ; Humans ; *Models, Biological ; *Models, Economic ; Public Policy/legislation & jurisprudence ; Risk Factors ; Risk Management/legislation & jurisprudence/*methods ; United States
    Print ISSN: 0028-0836
    Electronic ISSN: 1476-4687
    Topics: Biology , Chemistry and Pharmacology , Medicine , Natural Sciences in General , Physics
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  • 2
    Publication Date: 2016-02-26
    Description: 〈br /〉〈span class="detail_caption"〉Notes: 〈/span〉Battiston, Stefano -- Farmer, J Doyne -- Flache, Andreas -- Garlaschelli, Diego -- Haldane, Andrew G -- Heesterbeek, Hans -- Hommes, Cars -- Jaeger, Carlo -- May, Robert -- Scheffer, Marten -- New York, N.Y. -- Science. 2016 Feb 19;351(6275):818-9. doi: 10.1126/science.aad0299. Epub 2016 Feb 18.〈br /〉〈span class="detail_caption"〉Author address: 〈/span〉Department of Banking and Finance, University of Zurich, 8032 Zurich, Switzerland. ; Institute for New Economic Thinking, Oxford Martin School, and Mathematical Institute, University of Oxford, Oxford OX1 2JD, UK. Santa Fe Institute, Santa Fe, NM 87501, USA. ; Department of Sociology, University of Groningen, 9712 TG Groningen, Netherlands. ; Lorentz Institute for Theoretical Physics, University of Leiden, 2333 CA Leiden, Netherlands. ; Bank of England, London, EC2R 8AH, UK. ; Faculty of Veterinary Medicine, University of Utrecht, 3512 JE Utrecht, Netherlands. ; Amsterdam School of Economics, University of Amsterdam, 1018 WB Amsterdam, Netherlands. Tinbergen Institute, 1082 MS Amsterdam, Netherlands. C.H.Hommes@uva.nl. ; Beijing Normal University, 100875 Beijing, China. Potsdam University, 14469 Potsdam, Germany. Global Climate Forum 10178 Berlin, Germany. ; Department of Zoology, University of Oxford, Oxford OX1 2JD, UK. ; Environmental Sciences, Wageningen University 6708 PB Wageningen, Netherlands.〈br /〉〈span class="detail_caption"〉Record origin:〈/span〉 〈a href="http://www.ncbi.nlm.nih.gov/pubmed/26912882" target="_blank"〉PubMed〈/a〉
    Print ISSN: 0036-8075
    Electronic ISSN: 1095-9203
    Topics: Biology , Chemistry and Pharmacology , Computer Science , Medicine , Natural Sciences in General , Physics
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