Systemic risk is a critical factor not only for financial markets but also for risk management. In this paper, we consider a special class of risk statistics, named total systemic risk statistics. Our result provides a new approach for dealing with systemic risk . By further developing the properties related to total systemic risk statistics, we are able to derive dual representation for such risk.
Systemic risk is a critical factor for both mathematical physics and risk management. In this paper, we consider a special class of risk statistics, named systemic risk statistics. Our result provides a new approach for addressing systemic risk, especially in large scale integration . By further developing the properties related to systemic risk statistics, we are able to derive dual representation for such risk.
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not only for financial markets but also for
for both mathematical physics and
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total
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dealing with systemic risk
addressing systemic risk, especially in large scale integration
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total