This paper aims to shed light on the emergence of systemic risk in credit systems. By developing an interbank market with heterogeneous financial institutions granting loans on different network structures, we investigate what market architecture is more resilient to liquidity shocks and how the...

This paper aims to shed light on the emergence of systemic risk in credit systems. By developing an interbank market with heterogeneous financial institutions granting loans on different network structures, we investigate what market architecture is more resilient to liquidity shocks and how the...

Network's resilience to the malfunction of its components has been of great concern. The goal of this work is to determine the network design guidelines, which maximizes the network efficiency while keeping the cost of the network (that is the average connectivity) constant. With a global...

The paper examines the potential effects of failure of heavily used, outdated locks and dams on the Monongahela River in southwestern Pennsylvania. Catastrophic failure would result in lengthy outage of barge traffic. The displaced volume of coal shipments from mines to power plants is estimated...

This paper proposes a general conceptual framework which aims to integrate the concept of network resilience within that of transport security.

This work demonstrates a time-dependent paradigm for resilience and associated stochastic metrics in a waterway transportation context. We deploy two stochastic resilience-based component importance measures that highlight the critical waterway links that contribute to waterway network...