Working paper · Xuất bản 2026-06-10
This paper documents four convergent fault lines in private credit, business development companies, AI infrastructure capex, and Bermuda-domiciled reinsurance, and traces the conditions under which their simultaneous activation produces a non-linear shock. The empirical core is a panel of redemption gates, NAV markdowns, and CDS spreads from 2024 through 2026 Q2. The forensic uses synchronized residuals to test whether the four fault lines are statistically independent or whether their tail movements cluster.
Trích dẫn BibTeX
@techreport{djouad2026convergentfaults,
title = {Convergent Faults: A Quantitative Forensic of Private Credit Synchronized Systemic Risk 2026-2027},
author = {Djouad, Djellal},
year = {2026},
doi = {10.5281/zenodo.20558733},
url = {https://doi.org/10.5281/zenodo.20558733},
institution = {CrossVol Research},
}