NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Systemic Risk and Stability in Financial Networks

Daron Acemoglu, Asuman Ozdaglar, Alireza Tahbaz-Salehi

NBER Working Paper No. 18727
Issued in January 2013

---- Acknowledgements -----

We are grateful to David Brown, Ozan Candogan, Gary Gorton, Ali Jadbabaie, Jean-Charles Rochet, Alp Simsek, Ali Shourideh and Rakesh Vohra for useful feedback and suggestions. We also thank seminar participants at the 2012 and 2013 AEA Conferences, Chicago Booth, MIT, Stanford GSB, and the Systemic Risk conference at the Goethe University. Acemoglu and Ozdaglar gratefully acknowledge financial support from the Army Research Office, Grant MURI W911NF-12-1-0509. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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