Credit Chains and Bankruptcy Propagation in Production Networks

By Stefano Battiston, Domenico Delli Gatti, Mauro Gallegati, B. Greenwald, Joseph E. Stiglitz. 2007

340 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/03db71e609a15a624334b4f4651e66a58637f90e

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Citations in the corpus

Predicting financial distress and corporate failure: A review from the state-of-the-art definitions, modeling, sampling, and featuring approaches (2014, background): “Such bankruptcy propagation among suppliers/customers in supply chains connected by trade credit can be upward, downward, or both upward and downward, which is determined by whether payments are delayed and whether firms can instantly adapt their resources to the input received [7].”
Business fluctuations and bankruptcy avalanches in an evolving network economy (2009, background): “Boissay (2006) and Battiston et al. (2007), instead, focus on the trade-credit relationships along the “supply chain”. connecting firms belonging to different layers of the same industry, the corporate sector) and outside credit (i.e. credit relationships connecting agents belonging to different…”
The financial accelerator in an evolving credit network (2010, background): “A different but no less important line of network research (Boissay, 2006; Battiston et al., 2007) focuses on the trade–credit relationships within the corporate sector, i.e. among suppliers of intermediate goods and producers of final goods along the ‘‘supply chain’’.”
Economic resilience: definition and measurement (2014, methodology): “Various methodologies have been proposed to assess these parameters, using input-output or general equilibrium models (Hallegatte, 2014; Rose and Wei, 2013; Santos and Haimes, 2004) or explicit modelling of supply-chains (Battiston et al., 2007; Henriet et al., 2012).”
Firm-network characteristics and economic robustness to natural disasters (2012, positive): “Compared with previous works at the rm level (e.g., Battiston et al., 2007), the innovation here is that we created a PU-IO table which is consistent with aggregated IO data at the sector level and with network characteristics chosen in an ad hoc manner (in absence of data on economic network…”
Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk (2012, background): “Boissay (2006) and Battiston et al. (2007) focus on the trade-credit relationships among downstream and upstream firms along the ”supply chain”.”
RETHINKING MACROECONOMICS: WHAT FAILED, AND HOW TO REPAIR IT (2011, background): “Among the contributions to this growing literature, besides those cited earlier, are Greenwald and Stiglitz 2003a; Allen and Gale 2001; Battiston et al. 2007, 2010; Delli Gatti et al. 2006, 2009; De Masi et al. (forthcoming); Gai and Kapadia 2010a, 2010b; Gallegati et al. 2008; Haldane 2009;…”
The Current Economic Crisis and Lessons for Economic Theory (2009, background): “See Battiston, 2007; Gallegati et al., 2008 and Delli Gatti et al., 2008.”