Interdependent networks in Economics and Finance—A Physics approach

Alex Smolyak; Orr Levy; Louis Shekhtman; Shlomo Havlin

doi:10.1016/j.physa.2018.08.089

Interdependent networks in Economics and Finance—A Physics approach

Alex Smolyak, Orr Levy, Louis Shekhtman, Shlomo Havlin

Department of Physics - at Bar-Ilan University

Research output: Contribution to journal › Article › peer-review

10 Scopus citations

Abstract

Over the past few decades the world underwent several major economic and financial bubbles, such as the dot-com bubble of early 2000s and the global crisis following the collapse of the US housing market in 2008. Here we review the progress made in network theory as applied to economics and highlight some important insights complex networks allow into the highly interconnected economic system. Richness of phenomena that appears once we increase our complexity beyond a single network is explored and main results, as well as future research are discussed.

Original language	English
Pages (from-to)	612-619
Number of pages	8
Journal	Physica A: Statistical Mechanics and its Applications
Volume	512
DOIs	https://doi.org/10.1016/j.physa.2018.08.089
State	Published - 15 Dec 2018

Bibliographical note

Publisher Copyright:
© 2018

Keywords

Cascading Failures
Financial networks
Interdependence
Ranking Economies
Systemic Risk

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10.1016/j.physa.2018.08.089

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Interdependent networks in Economics and Finance—A Physics approach

Abstract

Bibliographical note

Keywords

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