Working Paper: Spiros Bougheas & Alan Kirman, “Complex Financial Networks and Systemic Risk: A Review”

Spiros Bougheas & Alan Kirman have recently published online a working paper entitled “Complex Financial Networks and Systemic Risk: A Review“.

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 …nancial 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 signicant benets at least at the conceptual level but it also looks very promising from a practical point of view.

Keywords: Comlex Financial Systems, Networks, Systemic Risk.

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