 OPERATIONALIZATION OF THE COMPOSITE MODEL OF THE FINANCIAL NETWORK OF THE ECONOMY. CEFIMO 2010 EXPERIMENTGheorghe Manolescu
Studii Financiare (Financial Studies), 2011, vol. 15, issue 1, 242-257 Abstract: The economy can be approached as a network, the financialmonetary network being one of its components, characterized by composition, configuration and architecture. This approach allows the composite modelling of the financial network; the composite financial network is an assembly of interactions between independent, delimited parts (real or not) which support each other within the assembly; the signification of the parts is defined only within these interactions. The composite modelling of the complex financial networks allows the division of a model in modules, each of them including a set of component. Thus, the network of the interbanking interactions has been divided into five modules, trying to interpret and evaluate the transmission of the shocks and non-payments within the network. CEFIMO experiment reveals, on the basis of a set of parameters, the impact of the banking exposures, of the interactions and merging on the network contagion of non-payments and opens the possibility to analyse the liquidity risk and expands, by differentiation, the analysis of the composite interbanking network. Keywords: financial network; financial system; monetary financial flows; composite model (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:15:y:2011:i:1:p:242-257 Access Statistics for this article More articles in Studii Financiare (Financial Studies) from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC. |
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