Complex Financial Networks and Systemic Risk: A Review

Spiros Bougheas and Alan Kirman

No 4756, CESifo Working Paper Series from CESifo

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: complex financial systems; networks; systemic risk (search for similar items in EconPapers)
JEL-codes: D85 G20 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Chapter: Complex Financial Networks and Systemic Risk: A Review (2015)
Working Paper: Complex Financial Networks and Systemic Risk: A Review (2015)
Working Paper: Complex Financial Networks and Systemic Risk: A Review (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4756

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