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The global balance index is used in the network literature to quantify how balanced a signed network is. In this paper we show that the global balance index of financial correlation networks can be used as a systemic risk measure. We define…

Risk Management · Quantitative Finance 2025-06-04 Paolo Bartesaghi , Fernando Diaz-Diaz , Rosanna Grassi , Pierpaolo Uberti

Many real-world networks are complex dynamical systems, where both local (e.g., changing node attributes) and global (e.g., changing network topology) processes unfold over time. Local dynamics may provoke global changes in the network, and…

Machine Learning · Computer Science 2017-10-10 Wenzhe Li , Dong Guo , Greg Ver Steeg , Aram Galstyan

Common asset holdings are widely believed to have been the primary vector of contagion in the recent financial crisis. We develop a network approach to the amplification of financial contagion due to the combination of overlapping…

General Finance · Quantitative Finance 2012-11-06 Fabio Caccioli , Munik Shrestha , Cristopher Moore , J. Doyne Farmer

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, topological features of network structures influence how easily…

Risk Management · Quantitative Finance 2017-02-28 Marco Bardoscia , Stefano Battiston , Fabio Caccioli , Guido Caldarelli

The analysis of the demographic transition of the past century and a half, using both empirical data and mathematical models, has rendered a wealth of well-established facts, including the dramatic increases in life expectancy. Despite…

Populations and Evolution · Quantitative Biology 2018-07-02 Albert Solé-Ribalta , Javier Borge-Holthoefer

Although classical economic theory is based on the concept of stable equilibrium, real economic systems appear to be always out of equilibrium. Indeed, they share many of the dynamical features of other complex systems, e.g., ecological…

Physics and Society · Physics 2010-11-16 Sitabhra Sinha

The propagations of diseases, behaviors and information in real systems are rarely independent of each other, but they are coevolving with strong interactions. To uncover the dynamical mechanisms, the evolving spatiotemporal patterns and…

Physics and Society · Physics 2019-10-02 Wei Wang , Quan-Hui Liu , Junhao Liang , Yanqing Hu , Tao Zhou

Many complex networks are known to exhibit sudden transitions between alternative steady states with contrasting properties. Such a sudden transition demonstrates a network's resilience, which is the ability of a system to persist in the…

Adaptation and Self-Organizing Systems · Physics 2021-02-24 Subhendu Bhandary , Taranjot Kaur , Tanmoy Banerjee , Partha Sharathi Dutta

We consider a network of event-based systems that use a shared wireless medium to communicate with their respective controllers. These systems use a contention resolution mechanism to arbitrate access to the shared network. We identify…

Systems and Control · Computer Science 2014-01-21 Chithrupa Ramesh , Henrik Sandberg , Karl H. Johansson

With the rapid development of economy and the accelerated globalization process, the aviation industry plays more and more critical role in today's world, in both developed and developing countries. As the infrastructure of aviation…

Applications · Statistics 2011-01-05 Jun Zhang , Xian-Bin Cao , Wen-Bo Du , Kai-Quan Cai

Global financial systems are undergoing strategic shifts as geopolitical tensions reshape international trade and payments. The United States (US)-China trade war, sanctions regimes, and rising concerns over the weaponization of financial…

Theoretical Economics · Economics 2025-05-28 Antonis Ballis

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

The complexity of interactions between networks and territories has been widely acknowledged empirically, in particular through the existence of circular causal relations in their co-development, that can be understood as a co-evolution.…

Physics and Society · Physics 2018-09-06 Juste Raimbault

Many natural, engineered, and social systems can be represented using the framework of a layered network, where each layer captures a different type of interaction between the same set of nodes. The study of such multiplex networks is a…

Physics and Society · Physics 2020-05-12 Haochen Wu , Ryan G. James , James P. Crutchfield , Raissa M. D'Souza

This paper deals with the global stability of time-delayed dynamical networks. We show that for a time-delayed dynamical network with non-distributed delays the network and the corresponding non-delayed network are both either globally…

Dynamical Systems · Mathematics 2015-06-05 Lenonid Bunimovich , Benjamin Webb

In the current era of worldwide stock market interdependencies, the global financial village has become increasingly vulnerable to systemic collapse. The recent global financial crisis has highlighted the necessity of understanding and…

General Finance · Quantitative Finance 2014-08-05 Wei Li , Dror Y. Kenett , Kazuko Yamasaki , H. Eugene Stanley , Shlomo Havlin

Changes in air transport networks over time may be induced by competition among carriers, changes in regulations on airline industry, and socioeconomic events such as terrorist attacks and epidemic outbreaks. Such network changes may…

Physics and Society · Physics 2021-03-17 Kashin Sugishita , Naoki Masuda

A growing body of studies on systemic risk in financial markets has emphasized the key importance of taking into consideration the complex interconnections among financial institutions. Much effort has been put in modeling the contagion…

Investigating relation between various structural patterns found in real-world networks and stability of underlying systems is crucial to understand importance and evolutionary origin of such patterns. We evolve multiplex networks,…

Adaptation and Self-Organizing Systems · Physics 2017-02-22 Sanjiv K. Dwivedi , Sarika Jalan

We develop a novel approach to study the global behaviour of large foodwebs for ecosystems where several species share multiple resources. The model extends and generalize some previous works and takes into account self-limitation. Under…

Dynamical Systems · Mathematics 2019-03-12 Vladimir Kozlov , Vladimir G. Tkachev , Sergey Vakulenko , Uno Wennergren