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Contribution Details

Type Book Chapter
Scope Discipline-based scholarship
Title The financial system as a nexus of interconnected networks
Organization Unit
Authors
  • Stefano Battiston
  • Guido Caldarelli
  • Marco D'Errico
Editors
  • Antonios Garas
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Booktitle Interconnected Networks
ISBN 978-3-319-23947-7
Place of Publication Switzerland
Publisher Springer International Publishing
Page Range 195 - 229
Date 2016
Abstract Text In this Chapter, we describe the phenomenology of multilevel financial networks. Network analysis represents a useful tool for the analysis of financial systems, allowing, in particular, for a better understanding of the mechanics of systemic distress. However, the level of complexity reached by the financial system, coupled with the linkages arising to and from other economic sectors, calls for a more integrated approach that takes into account a whole series of networks. In this Chapter, we therefore describe the financial systems as a nexus of interconnected networks. By reviewing selected theoretical and empirical works and describing two methodological extensions for DebtRank, we show different arguments in favor of the adoption of a broader view of the network approach to finance.
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Digital Object Identifier 10.1007/978-3-319-23947-7_12
Other Identification Number merlin-id:13173
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