Self-organised criticality and other phenomena in bank failures.

• Main Author: Goh, Woon Peng.
• Other Authors: Chew Lock Yue
• Format: Final Year Project
• Language: English
• Published: 2012
• Subjects: DRNTU::Science::Physics
• Online Access: http://hdl.handle.net/10356/48721
• Institution: Nanyang Technological University

Banking failures propagate through financial links in the interbank money market. The phenomenon of these failures is investigated using a stylized interbank network model inspired by the dynamical rules of the Bak–Tang–Wiesenfeld (BTW) sandpile. The key modification made was to introduce features o...