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Sustainable financial markets play an important role in the functioning of human society. Still, the detection and prediction of risk in financial markets remain challenging and draw much attention from the scientific community. Here we…

Physics and Society · Physics 2018-11-27 Jingfang Fan , Keren Cohen , Louis M. Shekhtman , Sibo Liu , Jun Meng , Yoram Louzoun , Shlomo Havlin

Throughout economic history, the global economy has experienced recurring crises. The persistent recurrence of such economic crises calls for an understanding of their generic features rather than treating them as singular events. The…

Statistical Finance · Quantitative Finance 2011-04-14 Kyu-Min Lee , Jae-Suk Yang , Gunn Kim , Jaesung Lee , Kwang-Il Goh , In-mook Kim

Complex networks can model the structure and dynamics of different types of systems. It has been shown that they are characterized by a set of measures. In this work, we evaluate the variability of complex networks measures face to…

Physics and Society · Physics 2015-06-22 Raquel Cabral , Alejandro Frery , Jaime Ramírez

Providers of online marketplaces are constantly combatting against problematic transactions, such as selling illegal items and posting fictive items, exercised by some of their users. A typical approach to detect fraud activity has been to…

Social and Information Networks · Computer Science 2020-12-23 Shun Kodate , Ryusuke Chiba , Shunya Kimura , Naoki Masuda

Identifying macroeconomic events that are responsible for dramatic changes of economy is of particular relevance to understand the overall economic dynamics. We introduce an open-source available efficient Python implementation of a…

Statistical Finance · Quantitative Finance 2026-03-03 Martin Heßler , Tobias Wand , Oliver Kamps

Great research efforts have been devoted to exploiting deep neural networks in stock prediction. While long-range dependencies and chaotic property are still two major issues that lower the performance of state-of-the-art deep learning…

Statistical Finance · Quantitative Finance 2021-11-02 Junran Wu , Ke Xu , Xueyuan Chen , Shangzhe Li , Jichang Zhao

Financial networks can be constructed using statistical dependencies found within the price series of speculative assets. Across the various methods used to infer these networks, there is a general reliance on predictive modelling to…

Statistical Finance · Quantitative Finance 2024-08-23 Cameron Cornell , Lewis Mitchell , Matthew Roughan

This paper provides the first empirical network analysis of the Argentine interbank money market. Its main topological features are examined applying graph theory, focusing on the unsecured overnight loans settled from 2003 to 2017. The…

Physics and Society · Physics 2021-02-17 Federico Forte

This paper introduces a novel framework to study default dependence and systemic risk in a financial network that evolves over time. We analyse several indicators of risk, and develop a new latent space model to assess the health of key…

Applications · Statistics 2020-10-02 Laleh Tafakori , Armin Pourkhanali , Riccardo Rastelli

Recently, an indicator for stock market fragility and crash size in terms of the Ollivier-Ricci curvature has been proposed. We study analytical and empirical properties of such indicator, test its elasticity with respect to different…

Econometrics · Economics 2024-05-14 Joaquín Sánchez García , Sebastian Gherghe

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

Standard methods and theories in finance can be ill-equipped to capture highly non-linear interactions in financial prediction problems based on large-scale datasets, with deep learning offering a way to gain insights into correlations in…

Computational Finance · Quantitative Finance 2020-04-22 Ben Moews , Gbenga Ibikunle

Network connections, both across and within markets, are central in countless economic contexts. In recent decades, a large literature has developed and applied flexible methods for measuring network connectedness and its evolution, based…

Econometrics · Economics 2025-12-19 Bastien Buchwalter , Francis X. Diebold , Kamil Yilmaz

We discovered that past changes in the market correlation structure are significantly related with future changes in the market volatility. By using correlation-based information filtering networks we device a new tool for forecasting the…

Portfolio Management · Quantitative Finance 2016-05-31 Nicoló Musmeci , Tomaso Aste , Tiziana Di Matteo

Threats on the stability of a financial system may severely affect the functioning of the entire economy, and thus considerable emphasis is placed on the analyzing the cause and effect of such threats. The financial crisis in the current…

Risk Management · Quantitative Finance 2014-10-28 Piotr Berman , Bhaskar DasGupta , Lakshmi Kaligounder , Marek Karpinski

We propose an algorithm to capture emergent patterns in the cross-correlations of financial markets, highlighting regime changes on a global scale. In our approach, financial markets are viewed as complex adaptive systems, and multiscale…

General Economics · Economics 2024-09-02 Marina Dolfin , George Kapetanios , Leone Leonida , Jose De Leon Miranda

Street networks allow people and goods to move through cities, but they are vulnerable to disasters like floods, earthquakes, and terrorist attacks. Well-planned network design can make a city more resilient and robust to such disruptions,…

Physics and Society · Physics 2024-03-19 Geoff Boeing , Jaehyun Ha

In this paper we contrast the dynamics of the 2022 Ukraine invasion financial crisis with notable financial crises of the 21st century - the dot-com bubble, global financial crisis and COVID-19. We study the similarity in market dynamics…

Statistical Finance · Quantitative Finance 2023-10-11 Nick James , Max Menzies

As a result of the interaction of rapid development and competition in information technologies, the reliability of a network and how solid it remains is important. It is called the hat vulnerability of the network to measure the endurance…

Combinatorics · Mathematics 2021-03-15 Ersin Aslan , Ayşe Kahveci Özdemir

We present a new approach to understanding credit relationships between commercial banks and quoted firms, and with this approach, examine the temporal change in the structure of the Japanese credit network from 1980 to 2005. At each year,…

General Finance · Quantitative Finance 2009-05-28 Yoshi Fujiwara , Hideaki Aoyama , Yuichi Ikeda , Hiroshi Iyetomi , Wataru Souma