Pathways towards instability in financial networks

oleh: Marco Bardoscia, Stefano Battiston, Fabio Caccioli, Guido Caldarelli

Format: Article
Diterbitkan: Nature Portfolio 2017-02-01

Deskripsi

The spread of instabilities in financial systems, similarly to ecosystems, is influenced by topological features of the underlying network structures. Here the authors show, independently of specific financial models, that market integration and diversification can drive the system towards instability.