Systemic Risks and Resilience of Global Financial Networks
Akira Namatame, Kiyotaka Ide
Available Online January 2014.
- https://doi.org/10.2991/gecss-14.2014.1How to use a DOI?
- component, stemic risk, cascade failure,core-peripher, modular network
- 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.
- 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 -