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We investigated the network structures of the Japanese stock market through the minimum spanning tree. We defined grouping coefficient to test the validity of conventional grouping by industrial categories, and found a decreasing in trend…

Statistical Finance · Quantitative Finance 2008-12-02 Woo-Sung Jung , Okyu Kwon , Fengzhong Wang , Taisei Kaizoji , Hie-Tae Moon , H. Eugene Stanley

A problem with considering correlations in the analysis of multiagent system with stochastic packet loss is that they induce dependencies between agents that are otherwise decoupled, preventing the application of decomposition methods…

Optimization and Control · Mathematics 2024-03-27 Christian Hespe , Adwait Datar , Herbert Werner

We systematically study and compare damage spreading for random Boolean and threshold networks under small external perturbations (damage), a problem which is relevant to many biological networks. We identify a new characteristic…

Disordered Systems and Neural Networks · Physics 2008-04-30 Thimo Rohlf , Natali Gulbahce , Christof Teuscher

The interbank market has a natural multiplex network representation. We employ a unique database of supervisory reports of Italian banks to the Banca d'Italia that includes all bilateral exposures broken down by maturity and by the secured…

General Finance · Quantitative Finance 2013-11-20 Leonardo Bargigli , Giovanni di Iasio , Luigi Infante , Fabrizio Lillo , Federico Pierobon

We contribute to the understanding of how systemic risk arises in a network of credit-interlinked agents. Motivated by empirical studies we formulate a network model which, despite its simplicity, depicts the nature of interbank markets…

Risk Management · Quantitative Finance 2014-06-26 Oliver Kley , Claudia Klüppelberg , Lukas Reichel

From critical infrastructure, to physiology and the human brain, complex systems rarely occur in isolation. Instead, the functioning of nodes in one system often promotes or suppresses the functioning of nodes in another. Despite advances…

Statistical Mechanics · Physics 2019-02-20 Michael M. Danziger , Ivan Bonamassa , Stefano Boccaletti , Shlomo Havlin

In this perspective, we introduce recent research into the structure and function of complex investor networks supporting sustainability efforts. Using the case of solar, wind and hydro energy technologies, this perspective explores the…

Physics and Society · Physics 2023-09-29 Alexander P. Kartun-Giles , Nadia Ameli

We investigate hierarchical structures of the European countries by using debt as a percentage of Gross Domestic Product (GDP) of the countries as they change over a certain period of time. We obtain the topological properties among the…

Statistical Finance · Quantitative Finance 2015-06-22 Ersin Kantar , Bayram Deviren , Mustafa Keskin

We explore the interplay between the topological relevance of a neuron and its dynamical traces in experimental cultured neuronal networks. We monitor the growth and development of these networks to characterise the evolution of their…

Adaptation and Self-Organizing Systems · Physics 2023-07-14 A. Tlaie , L. M. Ballesteros-Esteban , I. Leyva , I. Sendina-Nadal

Over the last two decades, financial systems have been studied and analysed from the perspective of complex networks, where the nodes and edges in the network represent the various financial components and the strengths of correlations…

Statistical Finance · Quantitative Finance 2021-02-02 Areejit Samal , Sunil Kumar , Yasharth Yadav , Anirban Chakraborti

We propose a dynamic model of dependence structure between financial institutions within a financial system and we construct measures for dependence and financial instability. Employing Markov structures of joint credit migrations, our…

Mathematical Finance · Quantitative Finance 2018-09-11 Yu-Sin Chang

This study introduces a method based on link analysis to investigate the structure of the R&D support infrastructure associated with science parks in order to determine whether this webometric approach gives plausible results. Three science…

Digital Libraries · Computer Science 2013-01-22 David Minguillo , Mike Thelwall

Previous efforts in complex networks research focused mainly on the topological features of such networks, but now also encompass the dynamics. In this Letter we discuss the relationship between structure and dynamics, with an emphasis on…

This work proposes an augmented variant of DebtRank with uncertainty intervals as a method to investigate and assess systemic risk in financial networks, in a context of incomplete data. The algorithm is tested against a default contagion…

Risk Management · Quantitative Finance 2014-12-05 Stefano Gurciullo

Extreme events, exacerbated by climate change, pose significant risks to the energy system and its consumers. However there are natural limits to the degree of protection that can be delivered from a centralised market architecture.…

General Economics · Economics 2023-02-06 Farhad Billimoria , Filiberto Fele , Iacopo Savelli , Thomas Morstyn , Malcolm McCulloch

The problem of predicting links in large networks is an important task in a variety of practical applications, including social sciences, biology and computer security. In this paper, statistical techniques for link prediction based on the…

Applications · Statistics 2021-09-01 Francesco Sanna Passino , Anna S. Bertiger , Joshua C. Neil , Nicholas A. Heard

This paper examines the pricing of short-term and long-term dynamic network risk in the cross-section of stock returns. Stocks with high sensitivities to dynamic network risk earn lower returns. We rationalize our finding with economic…

General Finance · Quantitative Finance 2020-07-14 Jozef Barunik , Michael Ellington

Simple nonlinear dynamical systems with multiple stable stationary states are often taken as models for switchlike biological systems. This paper considers the interaction of multiple such simple multistable systems when they are embedded…

Quantitative Methods · Quantitative Biology 2008-04-10 Dennis Cates Wylie

In this work, we study the dynamical robustness in a system consisting of both active and inactive oscillators. We analytically show that the dynamical robustness of such system is determined by the cross link density between active and…

Adaptation and Self-Organizing Systems · Physics 2017-03-01 Wenwen Huang , Xiyun Zhang , Xin Hu , Zonghua Liu , Shuguang Guan

Economic interdependencies have become increasingly present in globalized production, financial and trade systems. While establishing interdependencies among economic agents is crucial for the production of complex products, they may also…

Physics and Society · Physics 2019-12-23 Aymeric Vié , Alfredo J. Morales
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