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Korean Journal of Financial Studies 2007;36(1):111-134.
Published online February 28, 2007.
The Effect of Heterogeneous Participants on the Payment and Settlement System
Soo Young Song
The Effect of Heterogeneous Participants on the Payment and Settlement System
Soo Young Song
Key Words: Credit Chain,Gridlock,Nash Equilibrium,Payment and Settlement System,Systemic Risk


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