Seminar series
Date
Thu, 18 Oct 2018
Time
13:00 -
14:00
Location
L4
Speaker
Zachary Feinstein
Organisation
(Washington University in St. Louis)
We will consider an extension of the Eisenberg-Noe model of financial contagion to allow for time dynamics in both discrete and continuous time. Mathematical results on existence and uniqueness of firm wealths under discrete and continuous-time will be provided. The financial implications of time dynamics will be considered, with focus on how the dynamic clearing solutions differ from those of the static Eisenberg-Noe model.