Tessone, Claudio J.; Garas, Antonios; Guerra, Beniamino; … - Department of Management, Technology and Economics …
constellations determine whether this cascade remains finite or reaches the size of the system, i.e. leads to systemic risk. We … systemic risk, and the time when it stops. We focus on two different regimes, (i) \emph{EEE}, an external extreme event where …, we demonstrate that the size of the ``big'' shock is not the problem, as the systemic risk only varies slightly for …