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Cryptocurrencies return cross-predictability and technological similarity yield information on risk propagation and market segmentation. To investigate these effects, we build a time-varying network for cryptocurrencies, based on the…

Statistical Finance · Quantitative Finance 2021-08-27 Li Guo , Wolfgang Karl Härdle , Yubo Tao

Cryptocurrencies return cross-predictability and technological similarity yield information on risk propagation and market segmentation. To investigate these effects, we build a time-varying network for cryptocurrencies, based on the…

Methodology · Statistics 2022-11-18 Li Guo , Wolfgang Karl Härdle , Yubo Tao

Adaptive network dynamical systems describe the co-evolution of dynamical quantities on the nodes as well as dynamics of the network connections themselves. For dense networks of many nodes, the resulting dynamics are typically…

Adaptation and Self-Organizing Systems · Physics 2025-09-18 Erik Andreas Martens , Christian Bick

Based on the tick-by-tick stock prices from the German and American stock markets, we study the statistical properties of the distribution of the individual stocks and the index returns in highly collective and noisy intervals of trading,…

Soft Condensed Matter · Physics 2015-06-24 J. Kwapien , S. Drozdz , J. Speth

Complex dynamical systems are often modeled as networks, with nodes representing dynamical units which interact through the network's links. Gene regulatory networks, responsible for the production of proteins inside a cell, are an example…

Statistical Mechanics · Physics 2009-09-30 Zoran Levnajić

We measure the influence of different time-scales on the dynamics of financial market data. This is obtained by decomposing financial time series into simple oscillations associated with distinct time-scales. We propose two new time-varying…

Statistical Finance · Quantitative Finance 2016-11-23 Noemi Nava , Tiziana Di Matteo , Tomaso Aste

We use insight from a model of earth tectonic plate movement to obtain a new understanding of the build up and release of stress in the price dynamics of the worlds stock exchanges. Nonlinearity enters the model due to a behavioral…

General Finance · Quantitative Finance 2009-12-30 Jorgen Vitting Andersen , Andrzej Nowak , Giulia Rotundo , Lael Parrott

This paper is concerned with the estimation of time-varying networks for high-dimensional nonstationary time series. Two types of dynamic behaviors are considered: structural breaks (i.e., abrupt change points) and smooth changes. To…

Statistics Theory · Mathematics 2020-02-19 Mengyu Xu , Xiaohui Chen , Wei Biao Wu

This paper characterises dynamic linkages arising from shocks with heterogeneous degrees of persistence. Using frequency domain techniques, we introduce measures that identify smoothly varying links of a transitory and persistent nature.…

Econometrics · Economics 2023-11-21 Jozef Barunik , Michael Ellington

Adaptive dynamical networks are network systems in which the structure co-evolves and interacts with the dynamical state of the nodes. We study an adaptive dynamical network in which the structure changes on a slower time scale relative to…

Adaptation and Self-Organizing Systems · Physics 2024-08-15 Matheus Rolim Sales , Serhiy Yanchuk , Jürgen Kurths

Many complex systems, including networks, are not static but can display strong fluctuations at various time scales. Characterizing the dynamics in complex networks is thus of the utmost importance in the understanding of these networks and…

Data Analysis, Statistics and Probability · Physics 2009-06-03 Aurelien Gautreau , Alain Barrat , Marc Barthelemy

We analyze the stability of financial investment networks, where financial institutions hold overlapping portfolios of assets. We consider the effect of portfolio diversification and heterogeneous investments using a random matrix dynamical…

Risk Management · Quantitative Finance 2025-02-03 Preben Forer , Barak Budnick , Pierpaolo Vivo , Sabrina Aufiero , Silvia Bartolucci , Fabio Caccioli

One of the hallmarks of real networks is their ability to perform increasingly complex tasks as their topology evolves. To explain this, it has been observed that as a network grows certain subsets of the network begin to specialize the…

Adaptation and Self-Organizing Systems · Physics 2020-06-24 Leonid Bunimovich , DJ Passey , Dallas Smith , Benjamin Webb

As a first step toward realizing a dynamical system that evolves while spontaneously determining its own rule for time evolution, function dynamics (FD) is analyzed. FD consists of a functional equation with a self-referential term, given…

Adaptation and Self-Organizing Systems · Physics 2009-11-07 Naoto Kataoka , Kunihiko Kaneko

We explore the relation between the topological relevance of a node in a complex network and the individual dynamics it exhibits. When the system is weakly coupled, the effect of the coupling strength against the dynamical complexity of the…

Chaotic Dynamics · Physics 2019-01-16 A. Tlaie , I. Leyva , R. Sevilla-Escoboza , V. P. Vera-Avila , I. Sendiña-Nadal

We consider the effects of the global financial crisis through a local Korean financial market around the 2008 crisis. We analyze 185 individual stock prices belonging to the KOSPI (Korea Composite Stock Price Index), cosidering three time…

General Finance · Quantitative Finance 2013-07-29 Ashadun Nobi , Seong Eun Maeng , Gyeong Gyun Ha , Jae Woo Lee

The interest in dynamic processes on networks is steadily rising in recent years. In this paper, we consider the $(\alpha,\beta)$-Thresholded Network Dynamics ($(\alpha,\beta)$-Dynamics), where $\alpha\leq \beta$, in which only structural…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-06-23 Evangelos Kipouridis , Paul G. Spirakis , Kostas Tsichlas

Real-world networks in technology, engineering and biology often exhibit dynamics that cannot be adequately reproduced using network models given by smooth dynamical systems and a fixed network topology. Asynchronous networks give a…

Dynamical Systems · Mathematics 2017-02-07 Christian Bick , Michael Field

We develop a dynamic model of cascading failures in a financial network whereby cross-holdings are viewed as feedback, external assets investments as inputs and failure penalties as static nonlinearities. We provide sufficient milder and…

Optimization and Control · Mathematics 2023-07-06 Stefanny Ramirez , Maaike Odijk , Dario Bauso

In an adaptive population which models financial markets and distributed control, we consider how the dynamics depends on the diversity of the agents' initial preferences of strategies. When the diversity decreases, more agents tend to…

Physics and Society · Physics 2008-12-02 H. M. Yang , Y. S. Ting , K. Y. Michael Wong
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