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Complex Financial Networks and Systemic Risk: A Review

  • Spiros BougheasEmail author
  • Alan Kirman
Chapter
Part of the Dynamic Modeling and Econometrics in Economics and Finance book series (DMEF, volume 19)

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgements

We would like to acknowledge financial support from COST Action IS1104 “The EU in the new economic complex geography: models, tools and policy analysis”.

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© Springer International Publishing Switzerland 2015

Authors and Affiliations

  1. 1.School of EconomicsUniversity of NottinghamNottinghamUK
  2. 2.Faculte de Droit et de Sciences PolitiquesAix-Marseille Université, Directeur d’études à l’EHESS, Membre de l’IUF, GREQAMAix-en-ProvenceFrance

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