Ontologies for crisis contagion management in financial institutions

Citation

Ye, K. (2010), "Ontologies for crisis contagion management in financial institutions", Strategic Direction, Vol. 26 No. 3. https://doi.org/10.1108/sd.2010.05626cad.006

Ontologies for crisis contagion management in financial institutions

Article Type: Abstracts From: Strategic Direction, Volume 26, Issue 3

YeK., Wang S., Yan J., Wang H., Miao B.Journal of Information Science (UK), 2009, Vol. 35 No. 5, Start page: 548, No. of pages: 15

Purpose – Applies ontologies to the study of crisis contagion management (CCM) in financial institutions. Design/methodology/approach – A review of the literature of crisis management and crisis contagion is presented, focusing particularly on the way that the current global economic and financial crisis (“credit crunch”) and recession came about by the cumulative spread of relatively small crises, originally based on the subprime mortgage crisis of 2008. Discusses the development of a model for CCM in financial institutions that links three categories of ontologies (static ontology, dynamic ontology, social ontology) to deal with different perspectives in this domain. Evaluates the model in the case of long-term capital management (LTCM), a large hedge fund that would have gone bankrupt but for a Wall Street bailout, which demonstrated how the proposed ontologies are used in financial institutions.Article type: Research paperISSN: 0165-5515Reference: 38AY203

Keywords: Classification, Crisis management, Economic depression, Finance, Financial institutions, Information transfer, Knowledge management, Modelling, Recession