IDEAS home Printed from
   My bibliography  Save this article

Operationalization Of The Composite Model Of The Financial Network Of The Economy. Cefimo 2010 Experiment


  • Manolescu, Gheorghe

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)


The economy can be approached as a network, the financialmonetary network being one of its components, characterized by composition, configuration and architecture. This approach allows the composite modelling of the financial network; the composite financial network is an assembly of interactions between independent, delimited parts (real or not) which support each other within the assembly; the signification of the parts is defined only within these interactions. The composite modelling of the complex financial networks allows the division of a model in modules, each of them including a set of component. Thus, the network of the interbanking interactions has been divided into five modules, trying to interpret and evaluate the transmission of the shocks and non-payments within the network. CEFIMO experiment reveals, on the basis of a set of parameters, the impact of the banking exposures, of the interactions and merging on the network contagion of non-payments and opens the possibility to analyse the liquidity risk and expands, by differentiation, the analysis of the composite interbanking network.

Suggested Citation

  • Manolescu, Gheorghe, 2011. "Operationalization Of The Composite Model Of The Financial Network Of The Economy. Cefimo 2010 Experiment," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 15(1), pages 242-257.
  • Handle: RePEc:vls:finstu:v:15:y:2011:i:1:p:242-257

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    financial network; financial system; monetary financial flows; composite model;

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vls:finstu:v:15:y:2011:i:1:p:242-257. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Daniel Mateescu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.