Network Centrality and Key Economic Indicators: A Case Study

Andreas Joseph () and Guanrong Chen ()
Additional contact information
Andreas Joseph: City University of Hong Kong
Guanrong Chen: City University of Hong Kong

A chapter in Network Models in Economics and Finance, 2014, pp 159-180 from Springer

Abstract: Abstract We investigate the relations between radial and medial network centrality measures in different types of cross-border portfolio investment networks and macroeconomic indicators related to the financial conditions of central governments for most OECD (Organisation for Economic Co-operation and Development) countries during 2001–2011, where we consider the level of central government debt as percentage of national GDP (Gross Domestic Product) and the interest rates on long-term government bonds. Using methodology from the Composite Centrality framework for proper measure standardisation and comparison, we observe rich patterns of correlations for the majority of countries. This provides additional insights into topics such as the coupling of interest rates, observed during the European Debt Crisis 2009–2012, and points to underlying conflicts of interest on a national or international level, which may be taken into account when it comes to monetary and economic policy actions.

Keywords: Interest Rate; Monetary Policy; Centrality Measure; Economic Indicator; Portfolio Investment (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:spochp:978-3-319-09683-4_9

Ordering information: This item can be ordered from
http://www.springer.com/9783319096834

DOI: 10.1007/978-3-319-09683-4_9

Access Statistics for this chapter

More chapters in Springer Optimization and Its Applications from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().