Systemic importance of financial institutions: from a global to a local perspective? A network theory approach

Bonollo, Michele and Crimaldi, Irene and Flori, Andrea and Pammolli, Fabio and Riccaboni, Massimo Systemic importance of financial institutions: from a global to a local perspective? A network theory approach. EIC working paper series #9/2014 IMT Institute for Advanced Studies Lucca

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Abstract

After the systemic effects of bank defaults during the recent financial crisis, and despite a huge amount of literature over the last years to detect systemic risk, no standard methodologies have been set up until now. We aim to build a concise but comprehensive picture of the state of the art, illustrating the open issues, and outlining pathways for future research. In particular, we propose the analysis of some examples of local systems that attract the attention of the financial sector. This work is directed to both academic researchers and practitioners.

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