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A framework for fragility

Author

Listed:
  • Joan Margalef
  • Laura Mayoral
  • Hannes Mueller
  • Christopher Rauh

Abstract

This paper develops a general framework for understanding and measuring fragility, applicable across disciplines. Although the concept of fragility is widely used in research and policy, its definition and measurement remain contested even within individual fields. The framework offers a structure for thinking about fragility by examining the process through which an object fails.

Suggested Citation

  • Joan Margalef & Laura Mayoral & Hannes Mueller & Christopher Rauh, 2025. "A framework for fragility," WIDER Working Paper Series wp-2025-58, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2025-58
    as

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    References listed on IDEAS

    as
    1. N. N. Taleb & R. Douady, 2013. "Mathematical definition, mapping, and detection of (anti)fragility," Quantitative Finance, Taylor & Francis Journals, vol. 13(11), pages 1677-1689, November.
    2. Markus K. Brunnermeier & Lasse Heje Pedersen, 2009. "Market Liquidity and Funding Liquidity," The Review of Financial Studies, Society for Financial Studies, vol. 22(6), pages 2201-2238, June.
    3. Ines A. Ferreira, 2017. "Measuring state fragility: a review of the theoretical groundings of existing approaches," Third World Quarterly, Taylor & Francis Journals, vol. 38(6), pages 1291-1309, June.
    Full references (including those not matched with items on IDEAS)

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