As the total value of the global financial market outgrew the value of the real economy,
financial institutions created a global web of interactions that embodies systemic risks …

In the past years, network theory has successfully characterized the interaction among the
constituents of a variety of complex systems, ranging from biological to technological, and …

We provide an overview of the relationship between financial networks and systemic risk.
We present a taxonomy of different types of systemic risk, differentiating between direct …

The recent financial crisis has prompted much new research on the interconnectedness of
the modern financial system and the extent to which it contributes to systemic fragility …

We study cascades of failures in a network of interdependent financial organizations: how
discontinuous changes in asset values (eg, defaults and shutdowns) trigger further failures …

Systemic risk, here meant as the risk of default of a large portion of the financial system,
depends on the network of financial exposures among institutions. However, there is no …

We propose several econometric measures of connectedness based on principal-
components analysis and Granger-causality networks, and apply them to the monthly …

The observed architecture of ecological and socio-economic networks differssignificantly
from that of random networks. From a network science standpoint, non-random structural …

We provide an overview and synthesis of the literatures analyzing games in which players
are connected via a network structure. We discuss, in particular, the impact of the structure of …

The inability to see and quantify systemic financial risk comes at an immense social cost.
Systemic risk in the financial system arises to a large extent as a consequence of the …