A Decision Support Approach to Liquidate a Distressed Debt Network

作者：Liang, Liang; Chen, Shuzhen; Wu, Desheng Dash^*

来源：IEEE Transactions on Systems, Man, and Cybernetics: Systems , 2020, 50(4): 1242-1251.

DOI：10.1109/TSMC.2017.2712623

• Debt chain
• debt clearing strategy
• distressed debt network
• liquid

This paper investigates the debt clearing problem in a debt network with complicated debt relations among various debtors. Each pair of debt relations is modeled with both forward debt chain and backward debt chain to simplify the whole debt network with a developed algorithm. A debt clearing strategy is derived and its benefits and managerial implications are shown in risk management. This paper further demonstrates the validation of the approach for sovereign debt analysis and risk analytics using real debt data from ten developed countries.

• 出版日期2020-4
• 单位中国科学技术大学