In a variety of systems, in particular financial system, entities hold liabilities on each other. The reimbursement abilities are intertwined, thereby potentially generating coordination failures and cascades defaults calling for orderly resolution. With single indebted firm, bankruptcy law organizes such an cross-liabilities, resolution rule should be defined at the system level to account all...

Aalto University, P.O. Box 11000, FI-00076 Aalto www.aalto.fi Author Helena Aro Name of the doctoral dissertation Mathematical Models for Longevity Risk Management Publisher School of Science Unit Department of Mathematics and Systems Analysis Series Aalto University publication series DOCTORAL DISSERTATIONS 120/2013 Field of research Mathematics Manuscript submitted 12 April 2013 Date of the d...