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The seniority of debt, which determines the order in which a bankrupt institution repays its debts, is an important and sometimes contentious feature of financial crises, yet its impact on system-wide stability is not well understood. We…

General Finance · Quantitative Finance 2015-06-25 Charles D. Brummitt , Teruyoshi Kobayashi

Financial networks have become extremely useful in characterizing the structure of complex financial systems. Meanwhile, the time evolution property of the stock markets can be described by temporal networks. We utilize the temporal network…

Statistical Finance · Quantitative Finance 2018-07-04 Longfeng Zhao , Gang-Jin Wang , Mingang Wang , Weiqi Bao , Wei Li , H. Eugene Stanley

Understanding the role of network structure in the evolution of cooperation is a key research goal at the intersection between physics and biology. Recent studies have particularly focused on multiplex networks given that multiple social…

Physics and Society · Physics 2020-07-27 Hirofumi Takesue

Networks are often made up of several layers that exhibit diverse degrees of interdependencies. A multilayer interdependent network consists of a set of graphs $G$ that are interconnected through a weighted interconnection matrix $ B $,…

Physics and Society · Physics 2019-01-16 Xiangrong Wang , Robert E. Kooij , Yamir Moreno , Piet Van Mieghem

We embrace a fresh perspective to auditing by analyzing a large set of companies as complex financial networks rather than static aggregates of balance sheet data. Preliminary analyses show that network centrality measures within these…

Computational Engineering, Finance, and Science · Computer Science 2023-11-30 M. Boersma , S. Sourabh , L. A. Hoogduin , D. Kandhai

We study properties of multi-layered, interconnected networks from an ensemble perspective, i.e. we analyze ensembles of multi-layer networks that share similar aggregate characteristics. Using a diffusive process that evolves on a…

Physics and Society · Physics 2017-01-24 Nicolas Wider , Antonios Garas , Ingo Scholtes , Frank Schweitzer

Network science is an interdisciplinary endeavor, with methods and applications drawn from across the natural, social, and information sciences. A prominent problem in network science is the algorithmic detection of tightly-connected groups…

Data Analysis, Statistics and Probability · Physics 2010-07-14 Peter J. Mucha , Thomas Richardson , Kevin Macon , Mason A. Porter , Jukka-Pekka Onnela

Many real-world complex systems are best modeled by multiplex networks. The multiplexity has proved to have broad impact on the system's structure and function. Most theoretical studies on multiplex networks to date, however, have largely…

Physics and Society · Physics 2017-07-28 Byungjoon Min , Sangchul Lee , Kyu-Min Lee , K. -I. Goh

Multiplex networks have emerged as a promising approach for modeling complex systems, where each layer represents a different mode of interaction among entities of the same type. A core task in analyzing these networks is to identify the…

Social and Information Networks · Computer Science 2024-11-11 Meiby Ortiz-Bouza , Selin Aviyente

Social and economic networks are often multiplexed, meaning that people are connected by different types of relationships -- such as borrowing goods and giving advice. We make two contributions to the study of multiplexing and the…

General Economics · Economics 2025-10-28 Arun G. Chandrasekhar , Vasu Chaudhary , Benjamin Golub , Matthew O. Jackson

Complex networks are an important paradigm of modern complex systems sciences which allows quantitatively assessing the structural properties of systems composed of different interacting entities. During the last years, intensive efforts…

We analyse the flow of information in multiplex networks by means of the communicability function. First, we generalize this measure from its definition from simple graphs to multiplex networks. Then, we study its relevance for the analysis…

Physics and Society · Physics 2015-06-18 Ernesto Estrada , Jesus Gomez-Gardenes

Drawing on recent contributions inferring financial interconnectedness from market data, our paper provides new insights on the evolution of the US financial industry over a long period of time by using several tools coming from network…

Physics and Society · Physics 2018-07-04 Yérali Gandica , Marco Valerio Geraci , Sophie Béreau , Jean-Yves Gnabo

Discovering temporal lagged and inter-dependencies in multivariate time series data is an important task. However, in many real-world applications, such as commercial cloud management, manufacturing predictive maintenance, and portfolios…

Machine Learning · Computer Science 2018-12-12 Xuan-Hong Dang , Syed Yousaf Shah , Petros Zerfos

Many complex systems have natural representations as multi-layer networks. While these formulations retain more information than standard single-layer network models, there is not yet a fully developed theory for computing network metrics…

Social and Information Networks · Computer Science 2017-03-17 Daryl R. DeFord , Scott D. Pauls

Complex multilayer network datasets have become ubiquitous in various applications, including neuroscience, social sciences, economics, and genetics. Notable examples include brain connectivity networks collected across multiple patients or…

Social and Information Networks · Computer Science 2026-03-06 Alexander Kagan , Peter W. MacDonald , Elizaveta Levina , Ji Zhu

Multiplex networks are complex graph structures in which a set of entities are connected to each other via multiple types of relations, each relation representing a distinct layer. Such graphs are used to investigate many complex…

Financial market is an example of complex system, which is characterized by a highly intricate organization and the emergence of collective behavior. In this paper, we quantify this emergent dynamics in the financial market by using…

General Finance · Quantitative Finance 2011-09-07 Thomas Kauê Dal'Maso Peron , Francisco Aparecido Rodrigues

Networks extracted from social media platforms frequently include multiple types of links that dynamically change over time; these links can be used to represent dyadic interactions such as economic transactions, communications, and shared…

Social and Information Networks · Computer Science 2016-09-14 Alireza Hajibagheri , Gita Sukthankar , Kiran Lakkaraju

The recent financial crisis has stressed the need to understand financial systems as networks of interdependent countries, where cross-border financial linkages play the fundamental role. It has also been emphasized that the relevance of…

Statistical Finance · Quantitative Finance 2015-06-03 Alessandro Spelta , Tanya Araújo