Robustness and resilience of complex networks
Complex networks are ubiquitous: a cell, the human brain, a group of people and the
Internet are all examples of interconnected many-body systems characterized by …
Internet are all examples of interconnected many-body systems characterized by …
The physics of financial networks
As the total value of the global financial market outgrew the value of the real economy,
financial institutions created a global web of interactions that embodies systemic risks …
financial institutions created a global web of interactions that embodies systemic risks …
The statistical physics of real-world networks
In the past 15 years, statistical physics has been successful as a framework for modelling
complex networks. On the theoretical side, this approach has unveiled a variety of physical …
complex networks. On the theoretical side, this approach has unveiled a variety of physical …
Complexity theory and financial regulation
Traditional economic theory could not explain, much less predict, the near collapse of the
financial system and its long-lasting effects on the global economy. Since the 2008 crisis …
financial system and its long-lasting effects on the global economy. Since the 2008 crisis …
Pathways towards instability in financial networks
Following the financial crisis of 2007–2008, a deep analogy between the origins of instability
in financial systems and complex ecosystems has been pointed out: in both cases …
in financial systems and complex ecosystems has been pointed out: in both cases …
A review of two decades of correlations, hierarchies, networks and clustering in financial markets
We review the state of the art of clustering financial time series and the study of their
correlations alongside other interaction networks. The aim of the review is to gather in one …
correlations alongside other interaction networks. The aim of the review is to gather in one …
A financial macro-network approach to climate policy evaluation
Existing approaches to assess the economic impact of climate policies tend to overlook the
financial sector and to focus only on direct effects of policies on the specific institutional …
financial sector and to focus only on direct effects of policies on the specific institutional …
Financial networks and stress testing: Challenges and new research avenues for systemic risk analysis and financial stability implications
Network models, stress testing methods and early warning systems are attracting growing
interest both among scholars and practitioners. In this short paper, we illustrate some of the …
interest both among scholars and practitioners. In this short paper, we illustrate some of the …
The missing links: A global study on uncovering financial network structures from partial data
Capturing financial network linkages and contagion in stress test models are important goals
for banking supervisors and central banks responsible for micro-and macroprudential policy …
for banking supervisors and central banks responsible for micro-and macroprudential policy …
Network valuation in financial systems
We introduce a general model for the balance‐sheet consistent valuation of interbank claims
within an interconnected financial system. Our model represents an extension of clearing …
within an interconnected financial system. Our model represents an extension of clearing …