Structure and dynamics of the global financial network
作者： Thiago Christiano Silva , Sergio Rubens Stancato de Souza , Benjamin Miranda Tabak
DOI: 10.1016/J.CHAOS.2016.01.023
关键词:
摘要: Abstract In this paper, we study the evolution of network topology for global financial market. We evaluate level diversification and participation developed emerging economies in cross-border exposures find that gross exposure is dense, vulnerability matrix sparse, network’s fragility changes over time. Prior to crisis 2008, was relatively fragile, whereas it became more resilient afterwards, showing a reduction institutions’ risk appetite. Our results suggest regulators should track down their systemic assessment.
harvard.edu
sci-hub.se 参考文章(23)
Benjamin M. Tabak, Marcelo Takami, Jadson M.C. Rocha, Daniel O. Cajueiro, Sergio R.S. Souza, Directed clustering coefficient as a measure of systemic risk in complex banking networks Physica A-statistical Mechanics and Its Applications. ,vol. 394, pp. 211- 216 ,(2014) , 10.1016/J.PHYSA.2013.09.010
Tolga Umut Kuzubaş, Inci Ömercikoğlu, Burak Saltoğlu, Network centrality measures and systemic risk: An application to the Turkish financial crisis Physica A-statistical Mechanics and Its Applications. ,vol. 405, pp. 203- 215 ,(2014) , 10.1016/J.PHYSA.2014.03.006
Marc Barthélemy, Alain Barrat, Romualdo Pastor-Satorras, Alessandro Vespignani, Characterization and modeling of weighted networks Physica A-statistical Mechanics and Its Applications. ,vol. 346, pp. 34- 43 ,(2005) , 10.1016/J.PHYSA.2004.08.047
Thiago Christiano Silva, Liang Zhao, Stochastic Competitive Learning in Complex Networks IEEE Transactions on Neural Networks. ,vol. 23, pp. 385- 398 ,(2012) , 10.1109/TNNLS.2011.2181866
Daniel O. Cajueiro, Benjamin M. Tabak, The role of banks in the Brazilian interbank market: Does bank type matter? Physica A-statistical Mechanics and Its Applications. ,vol. 387, pp. 6825- 6836 ,(2008) , 10.1016/J.PHYSA.2008.08.031
Rodrigo Cesar de Castro Miranda, Sergio Rubens Stancato de Souza, Benjamin Miranda Tabak, Connectivity and Systemic Risk in the Brazilian National Payments System signal-image technology and internet-based systems. ,vol. 2, pp. 561- 568 ,(2013) , 10.1109/SITIS.2013.93
Diego Garlaschelli, Maria I. Loffredo, Patterns of Link Reciprocity in Directed Networks Physical Review Letters. ,vol. 93, pp. 268701- ,(2004) , 10.1103/PHYSREVLETT.93.268701
M. E. J. Newman, Mixing patterns in networks. Physical Review E. ,vol. 67, pp. 026126- ,(2003) , 10.1103/PHYSREVE.67.026126
Sergio R.S. Souza, Benjamin M. Tabak, Thiago C. Silva, Solange M. Guerra, Insolvency and contagion in the Brazilian interbank market Physica A-statistical Mechanics and Its Applications. ,vol. 431, pp. 140- 151 ,(2015) , 10.1016/J.PHYSA.2015.03.005
M. E. J. Newman, Assortative mixing in networks. Physical Review Letters. ,vol. 89, pp. 208701- 208701 ,(2002) , 10.1103/PHYSREVLETT.89.208701