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Complex financial networks and systemic risk: a review

Bougheas, Spiros; Kirman, Alan

Authors

Alan Kirman



Contributors

Pasquale Commendatore
Editor

Saime Kayam
Editor

Ingrid Kubin
Editor

Abstract

In this paper we review recent advances in financial economics in relation to the measurement of systemic risk. We start by reviewing studies that apply traditional measures of risk to financial institutions. However, the main focus of the review is on studies that use network analysis paying special attention to those that apply complex analysis techniques. Applications of these techniques for the analysis and pricing of systemic risk has already provided significant benefits at least at the conceptual level but it also looks very promising from a practical point of view.

Citation

Bougheas, S., & Kirman, A. (2015). Complex financial networks and systemic risk: a review. In P. Commendatore, S. Kayam, & I. Kubin (Eds.), Complexity and Geographical Economics: Topics and Tools. Springer International Publishing. https://doi.org/10.1007/978-3-319-12805-4_6

Publication Date Jan 29, 2015
Deposit Date Sep 11, 2015
Publicly Available Date Mar 28, 2024
Peer Reviewed Peer Reviewed
Issue 19
Series Title Dynamic modeling and econometrics in economics and finance
Book Title Complexity and Geographical Economics: Topics and Tools
ISBN 9783319128047
DOI https://doi.org/10.1007/978-3-319-12805-4_6
Public URL https://nottingham-repository.worktribe.com/output/742290
Publisher URL http://link.springer.com/chapter/10.1007%2F978-3-319-12805-4_6