{"id":"https://openalex.org/W4392001832","doi":"https://doi.org/10.3389/frai.2024.1138611","title":"Computing the impact of central clearing on systemic risk","display_name":"Computing the impact of central clearing on systemic risk","publication_year":2024,"publication_date":"2024-02-21","ids":{"openalex":"https://openalex.org/W4392001832","doi":"https://doi.org/10.3389/frai.2024.1138611","pmid":"https://pubmed.ncbi.nlm.nih.gov/38449792"},"language":"en","primary_location":{"id":"doi:10.3389/frai.2024.1138611","is_oa":true,"landing_page_url":"https://doi.org/10.3389/frai.2024.1138611","pdf_url":"https://www.frontiersin.org/articles/10.3389/frai.2024.1138611/pdf?isPublishedV2=False","source":{"id":"https://openalex.org/S4210197006","display_name":"Frontiers in Artificial Intelligence","issn_l":"2624-8212","issn":["2624-8212"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310320527","host_organization_name":"Frontiers Media","host_organization_lineage":["https://openalex.org/P4310320527"],"host_organization_lineage_names":["Frontiers Media"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Frontiers in Artificial Intelligence","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj","pubmed"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.frontiersin.org/articles/10.3389/frai.2024.1138611/pdf?isPublishedV2=False","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067310483","display_name":"Nikolai Nowaczyk","orcid":null},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Nikolai Nowaczyk","raw_affiliation_strings":["Independent Researcher, London, United Kingdom"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent Researcher, London, United Kingdom","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5063330426","display_name":"Sharyn O\u2019Halloran","orcid":null},"institutions":[{"id":"https://openalex.org/I205274468","display_name":"Trinity College Dublin","ror":"https://ror.org/02tyrky19","country_code":"IE","type":"education","lineage":["https://openalex.org/I205274468"]},{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["IE","US"],"is_corresponding":true,"raw_author_name":"Sharyn O'Halloran","raw_affiliation_strings":["Columbia SIPA and Political Science, Columbia University, New York, NY, United States","Trinity Political Science and Economics, Trinity College Dublin, Dublin, Ireland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Columbia SIPA and Political Science, Columbia University, New York, NY, United States","institution_ids":["https://openalex.org/I78577930"]},{"raw_affiliation_string":"Trinity Political Science and Economics, Trinity College Dublin, Dublin, Ireland","institution_ids":["https://openalex.org/I205274468"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5063330426","https://openalex.org/A5067310483"],"corresponding_institution_ids":["https://openalex.org/I205274468","https://openalex.org/I78577930"],"apc_list":{"value":2125,"currency":"USD","value_usd":2125},"apc_paid":{"value":2125,"currency":"USD","value_usd":2125},"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.02766252,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"7","issue":null,"first_page":"1138611","last_page":"1138611"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9987999796867371,"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":0.9987999796867371,"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/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9955000281333923,"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/T10503","display_name":"Global Financial Crisis and Policies","score":0.98089998960495,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/clearing","display_name":"Clearing","score":0.9061340689659119},{"id":"https://openalex.org/keywords/systemic-risk","display_name":"Systemic risk","score":0.8750455379486084},{"id":"https://openalex.org/keywords/stylized-fact","display_name":"Stylized fact","score":0.777347207069397},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5355847477912903},{"id":"https://openalex.org/keywords/risk-analysis","display_name":"Risk analysis (engineering)","score":0.44693809747695923},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.43182259798049927},{"id":"https://openalex.org/keywords/quality","display_name":"Quality (philosophy)","score":0.4172390103340149},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.2687324285507202},{"id":"https://openalex.org/keywords/financial-crisis","display_name":"Financial crisis","score":0.17117643356323242},{"id":"https://openalex.org/keywords/macroeconomics","display_name":"Macroeconomics","score":0.09845992922782898}],"concepts":[{"id":"https://openalex.org/C134697681","wikidata":"https://www.wikidata.org/wiki/Q1609677","display_name":"Clearing","level":2,"score":0.9061340689659119},{"id":"https://openalex.org/C144587487","wikidata":"https://www.wikidata.org/wiki/Q1369234","display_name":"Systemic risk","level":3,"score":0.8750455379486084},{"id":"https://openalex.org/C38935604","wikidata":"https://www.wikidata.org/wiki/Q4330363","display_name":"Stylized fact","level":2,"score":0.777347207069397},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5355847477912903},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.44693809747695923},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.43182259798049927},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.4172390103340149},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2687324285507202},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.17117643356323242},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.09845992922782898},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.3389/frai.2024.1138611","is_oa":true,"landing_page_url":"https://doi.org/10.3389/frai.2024.1138611","pdf_url":"https://www.frontiersin.org/articles/10.3389/frai.2024.1138611/pdf?isPublishedV2=False","source":{"id":"https://openalex.org/S4210197006","display_name":"Frontiers in Artificial Intelligence","issn_l":"2624-8212","issn":["2624-8212"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310320527","host_organization_name":"Frontiers Media","host_organization_lineage":["https://openalex.org/P4310320527"],"host_organization_lineage_names":["Frontiers Media"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Frontiers in Artificial Intelligence","raw_type":"journal-article"},{"id":"pmid:38449792","is_oa":false,"landing_page_url":"https://pubmed.ncbi.nlm.nih.gov/38449792","pdf_url":null,"source":{"id":"https://openalex.org/S4306525036","display_name":"PubMed","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Frontiers in artificial intelligence","raw_type":null},{"id":"pmh:oai:pubmedcentral.nih.gov:10915250","is_oa":true,"landing_page_url":"https://www.ncbi.nlm.nih.gov/pmc/articles/10915250","pdf_url":"https://pmc.ncbi.nlm.nih.gov/articles/PMC10915250/pdf/frai-07-1138611.pdf","source":{"id":"https://openalex.org/S2764455111","display_name":"PubMed Central","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Front Artif Intell","raw_type":"Text"},{"id":"pmh:oai:doaj.org/article:3a37b131630048c49f34d0efb70fd0b1","is_oa":false,"landing_page_url":"https://doaj.org/article/3a37b131630048c49f34d0efb70fd0b1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Frontiers in Artificial Intelligence, Vol 7 (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3389/frai.2024.1138611","is_oa":true,"landing_page_url":"https://doi.org/10.3389/frai.2024.1138611","pdf_url":"https://www.frontiersin.org/articles/10.3389/frai.2024.1138611/pdf?isPublishedV2=False","source":{"id":"https://openalex.org/S4210197006","display_name":"Frontiers in Artificial Intelligence","issn_l":"2624-8212","issn":["2624-8212"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310320527","host_organization_name":"Frontiers Media","host_organization_lineage":["https://openalex.org/P4310320527"],"host_organization_lineage_names":["Frontiers Media"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Frontiers in Artificial Intelligence","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.4300000071525574}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4392001832.pdf"},"referenced_works_count":24,"referenced_works":["https://openalex.org/W1984522981","https://openalex.org/W1988463647","https://openalex.org/W1998031535","https://openalex.org/W2078660995","https://openalex.org/W2081220474","https://openalex.org/W2083750870","https://openalex.org/W2114138382","https://openalex.org/W2148606196","https://openalex.org/W2158417309","https://openalex.org/W2163164507","https://openalex.org/W2496446004","https://openalex.org/W2566887053","https://openalex.org/W2569149672","https://openalex.org/W2923183845","https://openalex.org/W2943825918","https://openalex.org/W2949399396","https://openalex.org/W3123143211","https://openalex.org/W3201426205","https://openalex.org/W4235575530","https://openalex.org/W4253495272","https://openalex.org/W4298224527","https://openalex.org/W4300832257","https://openalex.org/W4302441352","https://openalex.org/W4386982527"],"related_works":["https://openalex.org/W2529311304","https://openalex.org/W4248275646","https://openalex.org/W2992609826","https://openalex.org/W3124809058","https://openalex.org/W2552900035","https://openalex.org/W2162875951","https://openalex.org/W2062875858","https://openalex.org/W4380047323","https://openalex.org/W2983973823","https://openalex.org/W4254267510"],"abstract_inverted_index":{"The":[0,77,140],"paper":[1],"uses":[2],"a":[3,27,45,55,155],"graph":[4],"model":[5,22],"to":[6,135,150,162],"examine":[7],"the":[8,23,39,49,63,72,81,99,103,152,166],"effects":[9],"of":[10,29,41,65,83,102,126,154,169],"financial":[11,24],"market":[12,146],"regulations":[13],"on":[14,18,68,86,98],"systemic":[15,75,87],"risk.":[16],"Focusing":[17],"central":[19,42,84],"clearing,":[20],"we":[21],"system":[25],"as":[26],"multigraph":[28],"trade":[30],"and":[31,54,74,94,108,110,145,164],"risk":[32,69,88],"relations":[33],"among":[34],"banks.":[35],"We":[36],"then":[37],"study":[38,151],"impact":[40,153,168],"clearing":[43,85,104],"by":[44],"priori":[46],"estimates":[47],"in":[48,172],"model,":[50],"stylized":[51],"case":[52,57,60],"studies,":[53,119],"simulation":[56],"study.":[58],"These":[59,113],"studies":[61],"identify":[62],"drivers":[64],"regulatory":[66,170],"policies":[67],"reduction":[70],"at":[71,157],"firm":[73],"levels.":[76],"analysis":[78],"shows":[79],"that":[80],"effect":[82],"is":[89],"ambiguous,":[90],"with":[91,117,148],"potential":[92,167],"positive":[93],"negative":[95],"outcomes,":[96],"depending":[97],"credit":[100],"quality":[101],"house,":[105],"netting":[106],"benefits":[107],"losses,":[109],"concentration":[111],"risks.":[112],"computational":[114],"findings":[115],"align":[116],"empirical":[118],"yet":[120],"do":[121],"not":[122],"require":[123],"intensive":[124],"collection":[125],"proprietary":[127],"data.":[128],"In":[129],"addition,":[130],"our":[131],"approach":[132,141],"enables":[133],"us":[134],"disentangle":[136],"various":[137,173],"competing":[138],"effects.":[139],"thus":[142],"provides":[143],"policymakers":[144],"practitioners":[147],"tools":[149],"regulation":[156],"each":[158],"level,":[159],"enabling":[160],"decision-makers":[161],"anticipate":[163],"evaluate":[165],"interventions":[171],"scenarios":[174],"before":[175],"their":[176],"implementation.":[177]},"counts_by_year":[],"updated_date":"2026-07-23T08:03:31.855105","created_date":"2025-10-10T00:00:00"}