Complex Financial Networks and Systemic Risk: A Review

Spiros Bougheas and Alan Kirman

A chapter in Complexity and Geographical Economics, 2015, pp 115-139 from Springer

Abstract: 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.

Keywords: Banking System; Euro Area; Systemic Risk; Global Financial Crisis; Credit Default Swap (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (12)

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Related works:
Working Paper: Complex Financial Networks and Systemic Risk: A Review (2015)
Working Paper: Complex Financial Networks and Systemic Risk: A Review (2014)
Working Paper: Complex Financial Networks and Systemic Risk: A Review (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-3-319-12805-4_6

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DOI: 10.1007/978-3-319-12805-4_6

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