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The global financial crisis in 2007-2009 demonstrated that systemic risk can spread all over the world through a complex web of financial linkages, yet we still lack fundamental knowledge about the evolution of the financial web. In…

Statistical Finance · Quantitative Finance 2018-06-11 Teruyoshi Kobayashi , Taro Takaguchi

Timestamped relational datasets consisting of records between pairs of entities are ubiquitous in data and network science. For applications like peer-to-peer communication, email, social network interactions, and computer network security,…

Data Structures and Algorithms · Computer Science 2023-11-20 Michael Ostroski , Geoffrey Sanders , Trevor Steil , Roger Pearce

We study the performance of Weibull and scale free Internet-like networks and compare them to a classical random graph based network. The scaling of the traffic load with the nodal degree is established, and confimed in a numerical…

Condensed Matter · Physics 2007-05-23 Gergely Peli , Gabor Papp

We study a novel economic network (supply chain) comprised of wire transfers (electronic payment transactions) among the universe of firms in Brazil (6.2 million firms). We construct a directed and weighted network in which vertices…

Social and Information Networks · Computer Science 2020-08-12 Thiago C. Silva , Diego R. Amancio , Benjamin M. Tabak

Bitcoin, as well as many of its successors, require the whole transaction record to be reliably acquired by all nodes to prevent double-spending. Recently, many blockchains have been proposed to achieve scale-out throughput by letting nodes…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-05-18 Zhijie Ren , Kelong Cong , Taico V. Aerts , Bart A. P. de Jonge , Alejandro F. Morais , Zekeriya Erkin

The topological properties of interbank networks have been discussed widely in the literature mainly because of their relevance for systemic risk. Here we propose to use the Stochastic Block Model to investigate and perform a model…

Risk Management · Quantitative Finance 2017-10-25 Paolo Barucca , Fabrizio Lillo

We provide an empirical analysis of the network structure of the Austrian interbank market based on a unique data set of the Oesterreichische Nationalbank (OeNB). We show that the contract size distribution follows a power law over more…

Condensed Matter · Physics 2007-05-23 Michael Boss , Helmut Elsinger , Martin Summer , Stefan Thurner

We have performed a detailed investigation on the world investment networks constructed from the Coordinated Portfolio Investment Survey (CPIS) data of the International Monetary Fund, ranging from 2001 to 2006. The distributions of degrees…

Physics and Society · Physics 2009-04-14 Dong-Ming Song , Zhi-Qiang Jiang , Wei-Xing Zhou

Transaction data from digital payment systems can be used to study economic processes in such detail that was not possible previously. Here, data from the Sarafu token network, a Community Inclusion Currency in Kenya, is analysed. During…

General Economics · Economics 2025-04-04 Teodoro Criscione

We study the statistical properties of the sampled scale-free networks, deeply related to the proper identification of various real-world networks. We exploit three methods of sampling and investigate the topological properties such as…

Disordered Systems and Neural Networks · Physics 2009-11-24 Sang Hoon Lee , Pan-Jun Kim , Hawoong Jeong

Financial networks are typically estimated by applying standard time series analyses to price-based economic variables collected at low-frequency (e.g., daily or monthly stock returns or realized volatility). These networks are used for…

Statistical Finance · Quantitative Finance 2022-08-09 Kara Karpman , Sumanta Basu , David Easley

Since its advent in 2009, Bitcoin (BTC) has garnered increasing attention from both academia and industry. However, due to the massive transaction volume, no systematic study has quantitatively measured the asset decentralization degree…

Statistical Finance · Quantitative Finance 2024-11-22 Ling Cheng , Qian Shao , Fengzhu Zeng , Feida Zhu

A large number of complex systems find a natural abstraction in the form of weighted networks whose nodes represent the elements of the system and the weighted edges identify the presence of an interaction and its relative strength. In…

Physics and Society · Physics 2009-04-23 M. Angeles Serrano , Marian Boguna , Alessandro Vespignani

To investigate the actual phenomena of transport on a complex network, we analysed empirical data for an inter-firm trading network, which consists of about one million Japanese firms and the sales of these firms (a sale corresponds to the…

General Finance · Quantitative Finance 2015-03-19 Hayafumi Watanabe , Hideki Takayasu , Misako Takayasu

Cryptocurrencies such as Bitcoin and Ethereum have recently gained a lot of popularity, not only as a digital form of currency but also as an investment vehicle. Online marketplaces and exchanges allow users across the world to convert…

Discrete Mathematics · Computer Science 2018-07-17 Francesco Bortolussi , Zeger Hoogeboom , Frank W. Takes

Two competing types of interactions often play an important part in shaping system behavior, such as activatory or inhibitory functions in biological systems. Hence, signed networks, where each connection can be either positive or negative,…

Social and Information Networks · Computer Science 2024-01-09 Yu Tian , Renaud Lambiotte

In this work, we investigate a simple nonequilibrium system with many interconnected, open subsystems, each exchanging a globally conserved resource with an external reserve. The system is represented by a random graph, where nodes…

Adaptation and Self-Organizing Systems · Physics 2025-12-30 Shreeman Auromahima , Sitangshu Bikas Santra , Biplab Bose

Nowadays, the emergence of online services provides various multi-relation information to support the comprehensive understanding of the epidemic spreading process. In this Letter, we consider the edge weights to represent such multi-role…

Physics and Society · Physics 2015-06-16 Ye Sun , Chuang Liu , Chu-Xu Zhang , Zi-Ke Zhang

European Monetary Union continues to be characterised by significant macroeconomic imbalances. Germany has shown increasing current account surpluses at the expense of the other member states (especially the European periphery). Since the…

General Economics · Economics 2022-09-21 Giovanni Carnazza , Pierluigi Vellucci

The structure of many financial networks is protected by privacy and has to be inferred from aggregate observables. Here we consider one of the most successful network reconstruction methods, producing random graphs with desired link…

Physics and Society · Physics 2024-03-21 Andrea Gabrielli , Valentina Macchiati , Diego Garlaschelli