Systemic Risks and Large-Scale Complexity Analysis

Posted: February 17, 2020
in Research

In the era of globalized and interconnected economy, it is becoming clear that all corporations, banks and countries form part of a huge system of systems. As turbulence increases and the possibility of shocks and extreme events rises, the importance of a systems perspective of the economy becomes evident. In fact, due to turbulence, and because the global economy is increasingly fragile, in highly interconnected systems the propagation of stresses and traumas is very fast and can lead to a huge number of possible often surprising outcomes. This number increases with the complexity of the system.

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