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A Point Of View On The Logic Modelling Of The Financial Network

Author

Listed:
  • DIMITRIU, Mihail

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

Abstract

The identification and solving of the different problems that confront us presently, particularly due to the process of globalization, requires a more complex approach of the financial domain. We hereby undertake to bring clarifications and proposals for a more profound approach of the analytical aspects of the network-type models. We thus identify the elements of a financial network which bestow upon it its character if specificity, such as knots, instruments, operations, interconnections, interactions, determinants and flows. We also identify some defining characteristics of the financial network, such as its credibility, representativeness, complexity, efficacy, extensiveness, intensiveness, connectivity, integrability and establishment. Finally, we describe a mechanism of transformation of the financial flows within a network knot, using the concept of interface. We mention that, to a significant extent, the present paper was expounded at the International Conference Financial and Monetary Economics FME 2013 for Financial and Monetary Research, 25 October 2013.

Suggested Citation

  • DIMITRIU, Mihail, 2014. "A Point Of View On The Logic Modelling Of The Financial Network," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 18(1), pages 8-19.
  • Handle: RePEc:vls:finstu:v:18:y:2014:i:1:p:8-19
    as

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    References listed on IDEAS

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    1. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58, pages 211-211.
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    More about this item

    Keywords

    system vs. network; defining characteristics; operational pattern; logic model;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other

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