{"id":"https://openalex.org/W2091357254","doi":"https://doi.org/10.1109/ciss.2014.6814162","title":"Fire sale in financial networks","display_name":"Fire sale in financial networks","publication_year":2014,"publication_date":"2014-03-01","ids":{"openalex":"https://openalex.org/W2091357254","doi":"https://doi.org/10.1109/ciss.2014.6814162","mag":"2091357254"},"language":"en","primary_location":{"id":"doi:10.1109/ciss.2014.6814162","is_oa":false,"landing_page_url":"https://doi.org/10.1109/ciss.2014.6814162","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2014 48th Annual Conference on Information Sciences and Systems (CISS)","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5055455629","display_name":"Haoshu Tian","orcid":null},"institutions":[{"id":"https://openalex.org/I20089843","display_name":"Princeton University","ror":"https://ror.org/00hx57361","country_code":"US","type":"education","lineage":["https://openalex.org/I20089843"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Haoshu Tian","raw_affiliation_strings":["Program in Applied and Computational Mathematics, Princeton University","Program in Applied and Computational Mathematics, Princeton University, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Program in Applied and Computational Mathematics, Princeton University","institution_ids":["https://openalex.org/I20089843"]},{"raw_affiliation_string":"Program in Applied and Computational Mathematics, Princeton University, USA","institution_ids":["https://openalex.org/I20089843"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5071854504","display_name":"E Weinan","orcid":"https://orcid.org/0000-0003-0272-9500"},"institutions":[{"id":"https://openalex.org/I20089843","display_name":"Princeton University","ror":"https://ror.org/00hx57361","country_code":"US","type":"education","lineage":["https://openalex.org/I20089843"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"E Weinan","raw_affiliation_strings":["Program in Applied and Computational Mathematics, Princeton University","Program in Applied and Computational Mathematics, Princeton University, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Program in Applied and Computational Mathematics, Princeton University","institution_ids":["https://openalex.org/I20089843"]},{"raw_affiliation_string":"Program in Applied and Computational Mathematics, Princeton University, USA","institution_ids":["https://openalex.org/I20089843"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I20089843"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.1745283,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"5"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9811999797821045,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.9577999711036682,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/default","display_name":"Default","score":0.7400879859924316},{"id":"https://openalex.org/keywords/market-liquidity","display_name":"Market liquidity","score":0.6991316080093384},{"id":"https://openalex.org/keywords/asset","display_name":"Asset (computer security)","score":0.6286064386367798},{"id":"https://openalex.org/keywords/liability","display_name":"Liability","score":0.598183810710907},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5827398896217346},{"id":"https://openalex.org/keywords/debt","display_name":"Debt","score":0.5563075542449951},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.4364873766899109},{"id":"https://openalex.org/keywords/financial-system","display_name":"Financial system","score":0.3782161772251129},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.3732665777206421},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.28052300214767456},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.17460370063781738},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.14250889420509338}],"concepts":[{"id":"https://openalex.org/C69637215","wikidata":"https://www.wikidata.org/wiki/Q702362","display_name":"Default","level":2,"score":0.7400879859924316},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6991316080093384},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.6286064386367798},{"id":"https://openalex.org/C2777834853","wikidata":"https://www.wikidata.org/wiki/Q96776939","display_name":"Liability","level":2,"score":0.598183810710907},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5827398896217346},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5563075542449951},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4364873766899109},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3782161772251129},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3732665777206421},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.28052300214767456},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.17460370063781738},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.14250889420509338}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/ciss.2014.6814162","is_oa":false,"landing_page_url":"https://doi.org/10.1109/ciss.2014.6814162","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2014 48th Annual Conference on Information Sciences and Systems (CISS)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":8,"referenced_works":["https://openalex.org/W1528296516","https://openalex.org/W1895160326","https://openalex.org/W2144062932","https://openalex.org/W2162337502","https://openalex.org/W3121581126","https://openalex.org/W3122661688","https://openalex.org/W3123232430","https://openalex.org/W3126015969"],"related_works":["https://openalex.org/W3111031756","https://openalex.org/W1532293414","https://openalex.org/W3124386825","https://openalex.org/W4388409052","https://openalex.org/W2534994603","https://openalex.org/W2742773638","https://openalex.org/W3164703356","https://openalex.org/W1933689484","https://openalex.org/W2020397612","https://openalex.org/W1977847140"],"abstract_inverted_index":{"The":[0],"default":[1,10],"of":[2],"one":[3],"bank":[4,32],"can":[5],"cause":[6],"other":[7,43],"banks":[8,46,63],"to":[9,42,48],"through":[11],"two":[12,84],"channels:":[13],"financial":[14],"contagion":[15],"in":[16,24,61,97,108],"the":[17,25,30,38,50,95,100,105],"inter-bank":[18,101],"liability":[19,102],"network":[20,103],"and":[21,67,88,104,112],"fire":[22],"sale":[23],"asset":[26,52],"selling":[27],"market.":[28],"When":[29,45],"defaulted":[31],"cannot":[33],"fully":[34],"pay":[35],"its":[36],"debt,":[37],"loss":[39],"is":[40,86,110],"transmitted":[41],"banks.":[44],"rush":[47],"sell":[49,68],"same":[51],"simultaneously,":[53],"they":[54],"may":[55],"fall":[56],"into":[57],"a":[58,79],"Nash":[59],"equilibrium":[60,109],"which":[62,98],"compete":[64],"for":[65,93],"liquidity":[66],"their":[69],"assets":[70],"at":[71],"an":[72],"artificially":[73],"low":[74],"price.":[75],"In":[76],"this":[77],"paper,":[78],"model":[80],"that":[81],"incorporates":[82],"these":[83],"channels":[85],"developed":[87],"analyzed":[89],"theoretically.":[90],"An":[91],"algorithm":[92],"finding":[94],"state":[96],"both":[99],"market":[106],"are":[107],"proposed":[111],"tested.":[113]},"counts_by_year":[],"updated_date":"2026-06-26T08:34:08.712188","created_date":"2025-10-10T00:00:00"}