<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422017000100044</article-id>
<article-id pub-id-type="doi">10.1016/j.cya.2016.10.006</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Análisis de contagio en el sistema financiero mexicano combinando el modelo de Merton y redes aleatorias]]></article-title>
<article-title xml:lang="en"><![CDATA[Analysis of contagion in Mexican financial system combining Merton and random networks models]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Sierra Juárez]]></surname>
<given-names><![CDATA[Guillermo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Guadalajara  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2017</year>
</pub-date>
<volume>62</volume>
<numero>1</numero>
<fpage>44</fpage>
<lpage>63</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422017000100044&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422017000100044&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422017000100044&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: En el contexto de la regulación y de los acuerdos de Basilea resalta la importancia de controlar el riesgo sistémico y los efectos de contagio. El presente trabajo propone un modelo que consiste de dos fases (considerando el modelo de Merton en la primera parte y un modelo Erdös-Rényi de redes aleatorias en la segunda) para analizar el contagio en el sistema bancario mexicano. Al final se concluye que los bancos pueden ser contagiados a partir de un default inicial y caer en incumplimiento o bien no verse afectados por el evento. Lo anterior dependerá de la volatilidad y del crecimiento de los pasivos y de los parámetros propios de las redes, como son la severidad de choque, el número de nodos afectados inicialmente, la estructura de la red (homogénea o heterogénea), la proporción (activos externos/activos) interbancarios y la proporción capital/activos. Los resultados muestran consistencia con la política de regulación que se lleva a cabo en México para evitar un efecto de contagio en sistema financiero.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The control of systematic risk and the contagion effect are very important on the regulation and Basilea context. This paper presents a two phase model (Merton Model on the first part and Random networks Erdös-Rényi in the second part) in order to analyze the contagion effect on the Mexican bank system. The conclusions are that the Banks could not be infected or fall into default depending of the behavior of liabilities, the structure of the network and (external asset/interbank asset) ratio and (capital/asset) ratio. The results are consistent with the regulation politics in order to avoid the contagion in Mexico Financial System.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Contagio]]></kwd>
<kwd lng="es"><![CDATA[Erdös-Rényi]]></kwd>
<kwd lng="es"><![CDATA[Merton]]></kwd>
<kwd lng="es"><![CDATA[Redes aleatorias]]></kwd>
<kwd lng="es"><![CDATA[G01]]></kwd>
<kwd lng="es"><![CDATA[G21]]></kwd>
<kwd lng="es"><![CDATA[G33]]></kwd>
<kwd lng="en"><![CDATA[Contagion]]></kwd>
<kwd lng="en"><![CDATA[Erdös-Rényi]]></kwd>
<kwd lng="en"><![CDATA[Merton]]></kwd>
<kwd lng="en"><![CDATA[Random networks]]></kwd>
<kwd lng="en"><![CDATA[G01]]></kwd>
<kwd lng="en"><![CDATA[G21]]></kwd>
<kwd lng="en"><![CDATA[G33]]></kwd>
</kwd-group>
</article-meta>
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