How Long to Read Systemic Risk in the Broad Economy

How Long Does it Take to Read Systemic Risk in the Broad Economy?

It takes the average reader and 43 minutes to read Systemic Risk in the Broad Economy by Jonathan William Welburn

Assuming a reading speed of 250 words per minute. Learn more

Description

In the years following the 2008 financial crisis, significant attention was paid to systemic risk within heavily interconnected financial networks. The academic discussions on interbank network structure, market stability, and contagion gave rise to a policy debate about whether major banks had become both too big and too interconnected to fail. However, despite the focus on systemic risk-the risk of market collapse resulting from firm-level risks-within the financial sector, little attention was paid to systemic risks in the economy at large. The authors of this report address that gap in research. To begin to measure the potential magnitude of systemic risk in the broad economy, the authors estimated firm-to-firm connections across sectors of the U.S. economy. Using network analysis on observed firm-level networks to elucidate heavily interconnected firms and areas of centrality (i.e., firms of significant network importance), statistical inference, and network calibration, the authors provide a new approach to modeling the economy at the firm level that expands on the traditional sector-level input-output modeling by estimating firm-level input-output flows. The result allows one to use traditional input-output modeling to estimate the size of potential idiosyncratic shocks and to use economically weighted measures of centrality to reveal systemically important firms. The approach is a contribution to the growing literature on the microfoundations of economic risk, with the potential for use across a wide range of applications from financial stability to natural disasters.

How long is Systemic Risk in the Broad Economy?

Systemic Risk in the Broad Economy by Jonathan William Welburn is 43 pages long, and a total of 10,879 words.

This makes it 15% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Systemic Risk in the Broad Economy Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Systemic Risk in the Broad Economy aloud.

What Reading Level is Systemic Risk in the Broad Economy?

Systemic Risk in the Broad Economy is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Systemic Risk in the Broad Economy?

Systemic Risk in the Broad Economy by Jonathan William Welburn is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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