Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science

Systemic Risks and Resilience of Global Financial Networks

Authors
Akira Namatame, Kiyotaka Ide
Corresponding Author
Akira Namatame
Available Online January 2014.
DOI
https://doi.org/10.2991/gecss-14.2014.1How to use a DOI?
Keywords
component, stemic risk, cascade failure,core-peripher, modular network
Abstract
The current financial crisis has triggered research interests on financial networks, since the linkages created by liabilities among banks and other financial institutions play a crucial role, but they are poorly understood. Understanding the structures of financial networks holds the key to understanding its function and the investigations of their network properties gain more attention. One remarkable finding is that financial networks in many countries share some apparently universal features. A prominent example is a highly skewed degree distribution with core-periphery structures. In this paper, we try to identify key network properties that influence our two variants of contagious default. We formulate the global financial networks as modular networks and study the resilience of global financial networks from the perspective of systemic risk. We highlight that systemic risks of the global financial networks is mainly determined by the property of the sub-module network which forms the basic unit of the global modular networks.
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14)
Part of series
Advances in Intelligent Systems Research
Publication Date
January 2014
ISBN
978-90-78677-96-3
ISSN
1951-6851
DOI
https://doi.org/10.2991/gecss-14.2014.1How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Akira Namatame
AU  - Kiyotaka Ide
PY  - 2014/01
DA  - 2014/01
TI  - Systemic Risks and Resilience of Global Financial Networks
BT  - 2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/gecss-14.2014.1
DO  - https://doi.org/10.2991/gecss-14.2014.1
ID  - Namatame2014/01
ER  -