Model predicting instability in development

Charles Goodhart, a former member of the Bank of England's Monetary Policy Committee, and Dimitrios Tsomocos, a lecturer in financial economics at Oxford University's Said Business School, are working on a model aimed at alleviating financial fragility.

The model proposes looking at the interbank markets, rather than assessing individual banks. It also includes the default of loans caused by events within the system, meaning that the model can factor in knock-on effects as they occur in the

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