During the most recent financial crisis, a myriad of banks defaulted. This scenario encouraged the development of a mathematical model for how default spreads through a system of banks. As we will see, the problem brings together ideas from many fields in Mathematics: Combinatorics, Linear Algebra, Calculus, Statistics and Probabilities. Afterwards, we will turn our attention not only towards implementing the model in MATLAB, but also towards interpreting the results obtained.

Creator

• Andrei, Mihnea Stefan

Contributors

• Sturm, Stephan

Degree

• MS

Unit

• Mathematical Sciences

Publisher

• Worcester Polytechnic Institute

Language

• English

Identifier

• etd-050114-152504

Keyword

• contagion
• Networks
• default
• banking system

Advisor

• Sturm, Stephan

Defense date

• 2014-05-01

Year

• 2014

Date created

• 2014-05-01

Resource type

• Thesis

Rights statement

• In Copyright