Strength of weak layers in cascading failures on multiplex networks: case of the international trade network
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Matteo Barigozzi & Giorgio Fagiolo & Diego Garlaschelli, 2009.
"Multinetwork of international trade: A commodity-specific analysis,"
Papers
0908.1879, arXiv.org, revised Jun 2010.
- Matteo Barigozzi & Giorgio Fagiolo & Diego Garlaschelli, 2009. "The Multi-Network of International Trade: A Commodity-Specific Analysis," LEM Papers Series 2009/09, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Kyu-Min Lee & Jae-Suk Yang & Gunn Kim & Jaesung Lee & Kwang-Il Goh & In-mook Kim, 2011. "Impact of the Topology of Global Macroeconomic Network on the Spreading of Economic Crises," PLOS ONE, Public Library of Science, vol. 6(3), pages 1-11, March.
- A. Garas & P. Argyrakis & S. Havlin, 2008. "The structural role of weak and strong links in a financial market network," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 63(2), pages 265-271, May.
- Rahul Kaushik & Stefano Battiston, 2013. "Credit Default Swaps Drawup Networks: Too Interconnected to Be Stable?," PLOS ONE, Public Library of Science, vol. 8(7), pages 1-8, July.
- Antonios Garas & Panos Argyrakis & Shlomo Havlin, 2008. "The structural role of weak and strong links in a financial market network," Papers 0805.2477, arXiv.org.
- Min, Byungjoon & Lee, Sangchul & Lee, Kyu-Min & Goh, K.-I., 2015. "Link overlap, viability, and mutual percolation in multiplex networks," Chaos, Solitons & Fractals, Elsevier, vol. 72(C), pages 49-58.
- Paolo Tasca & Stefano Battiston, "undated".
"Diversification and Financial Stability,"
Working Papers
CCSS-11-001, ETH Zurich, Chair of Systems Design.
- Tasca, Paolo & Battiston, Stefano, 2014. "Diversification and financial stability," LSE Research Online Documents on Economics 59297, London School of Economics and Political Science, LSE Library.
- Sergey V. Buldyrev & Roni Parshani & Gerald Paul & H. Eugene Stanley & Shlomo Havlin, 2010. "Catastrophic cascade of failures in interdependent networks," Nature, Nature, vol. 464(7291), pages 1025-1028, April.
- Kyu-Min Lee & Jae-Suk Yang & Gunn Kim & Jaesung Lee & Kwang-Il Goh & In-mook Kim, 2010. "Impact of the topology of global macroeconomic network on the spreading of economic crises," Papers 1011.4336, arXiv.org, revised Apr 2011.
- Andrew G. Haldane & Robert M. May, 2011. "Systemic risk in banking ecosystems," Nature, Nature, vol. 469(7330), pages 351-355, January.
- Stefan Thurner & Sebastian Poledna, 2013. "DebtRank-transparency: Controlling systemic risk in financial networks," Papers 1301.6115, arXiv.org.
- Flaviano Morone & Hernán A. Makse, 2015. "Influence maximization in complex networks through optimal percolation," Nature, Nature, vol. 524(7563), pages 65-68, August.
- Battiston, Stefano & Gatti, Domenico Delli & Gallegati, Mauro & Greenwald, Bruce & Stiglitz, Joseph E., 2012.
"Default cascades: When does risk diversification increase stability?,"
Journal of Financial Stability, Elsevier, vol. 8(3), pages 138-149.
- Stefano Battiston & Domenico Delli Gatti & Mauro Gallegati & Bruce Greenwald & Joseph E. Stiglitz, "undated". "Default Cascades: When Does Risk Diversification Increase Stability?," Working Papers ETH-RC-11-006, ETH Zurich, Chair of Systems Design.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Bartesaghi, Paolo & Clemente, Gian Paolo & Grassi, Rosanna & Luu, Duc Thi, 2022.
"The multilayer architecture of the global input-output network and its properties,"
Journal of Economic Behavior & Organization, Elsevier, vol. 204(C), pages 304-341.
- Rosanna Grassi & Paolo Bartesaghi & Gian Paolo Clemente & Duc Thi Luu, 2021. "The multilayer architecture of the global input-output network and its properties," Papers 2109.02946, arXiv.org, revised Nov 2022.
- Zhou, Xuanru & Zhang, Hua & Zheng, Shuxian & Xing, Wanli & Yang, Hanshi & Zhao, Yifan, 2023. "A study on the transmission of trade behavior of global nickel products from the perspective of the industrial chain," Resources Policy, Elsevier, vol. 81(C).
- Kang, Xinyu & Wang, Minxi & Chen, Lu & Li, Xin, 2023. "Supply risk propagation of global copper industry chain based on multi-layer complex network," Resources Policy, Elsevier, vol. 85(PA).
- Hu, Xiaoqian & Wang, Chao & Lim, Ming K. & Chen, Wei-Qiang, 2020. "Characteristics of the global copper raw materials and scrap trade systems and the policy impacts of China's import ban," Ecological Economics, Elsevier, vol. 172(C).
- Wang, Xingxing & Wang, Anjian & Zhong, Weiqiong & Zhu, Depeng & Wang, Chunhui, 2022. "Analysis of international nickel flow based on the industrial chain," Resources Policy, Elsevier, vol. 77(C).
- Hao, Hongchang & Ma, Zhe & Wang, Anjian & Xing, Wanli & Song, Hao & Zhao, Pei & Wei, Jiangqiao & Zheng, Shuxian, 2023. "Modeling and assessing the robustness of the lithium global trade system against cascading failures," Resources Policy, Elsevier, vol. 85(PB).
- Hector Tzavellas, 2023. "A Multilayer View Of Systemic Importance And Aggregate Fluctuations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(3), pages 1023-1046, August.
- Wang, Chao & Huang, Xia & Hu, Xiaoqian & Zhao, Longfeng & Liu, Chao & Ghadimi, Pezhman, 2021. "Trade characteristics, competition patterns and COVID-19 related shock propagation in the global solar photovoltaic cell trade," Applied Energy, Elsevier, vol. 290(C).
- Shi, Qing & Sun, Xiaoqi & Xu, Man & Wang, Mengjiao, 2022. "The multiplex network structure of global cobalt industry chain," Resources Policy, Elsevier, vol. 76(C).
- Shao, Liuguo & Kou, Wenwen & Zhang, Hua, 2022. "The evolution of the global cobalt and lithium trade pattern and the impacts of the low-cobalt technology of lithium batteries based on multiplex network," Resources Policy, Elsevier, vol. 76(C).
- Liu, Yi & Wang, Jianliang, 2024. "Risk analysis and resilience assessment of China's oil imports after the Ukraine Crisis:A network-based dynamics model," Energy, Elsevier, vol. 299(C).
- Kiran Sharma & Anindya S. Chakrabarti & Anirban Chakraborti, 2018. "Multi-layered Network Structure: Relationship Between Financial and Macroeconomic Dynamics," Papers 1805.06829, arXiv.org, revised Mar 2019.
- Javier Garcia-Bernardo & Jan Fichtner & Eelke M. Heemskerk & Frank W. Takes, 2017. "Uncovering Offshore Financial Centers: Conduits and Sinks in the Global Corporate Ownership Network," Papers 1703.03016, arXiv.org, revised May 2017.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Marco Bardoscia & Paolo Barucca & Stefano Battiston & Fabio Caccioli & Giulio Cimini & Diego Garlaschelli & Fabio Saracco & Tiziano Squartini & Guido Caldarelli, 2021. "The Physics of Financial Networks," Papers 2103.05623, arXiv.org.
- Paolo Bartesaghi & Michele Benzi & Gian Paolo Clemente & Rosanna Grassi & Ernesto Estrada, 2019. "Risk-dependent centrality in economic and financial networks," Papers 1907.07908, arXiv.org, revised Apr 2020.
- Dror Kenett & Shlomo Havlin, 2015. "Network science: a useful tool in economics and finance," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(2), pages 155-167, November.
- León, C., 2015. "Financial stability from a network perspective," Other publications TiSEM bb2e4e44-e842-45c6-a946-4, Tilburg University, School of Economics and Management.
- Andre R. Neveu, 2018. "A survey of network-based analysis and systemic risk measurement," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 13(2), pages 241-281, July.
- Aymeric Vié & Alfredo J. Morales, 2021. "How Connected is Too Connected? Impact of Network Topology on Systemic Risk and Collapse of Complex Economic Systems," Computational Economics, Springer;Society for Computational Economics, vol. 57(4), pages 1327-1351, April.
- Rahul Kaushik & Stefano Battiston, 2013. "Credit Default Swaps Drawup Networks: Too Interconnected to Be Stable?," PLOS ONE, Public Library of Science, vol. 8(7), pages 1-8, July.
- Leonidas Sandoval Junior, 2014. "Dynamics in two networks based on stocks of the US stock market," Papers 1408.1728, arXiv.org, revised Aug 2014.
- Fariba Karimi & Matthias Raddant, 2016.
"Cascades in Real Interbank Markets,"
Computational Economics, Springer;Society for Computational Economics, vol. 47(1), pages 49-66, January.
- Karimi, Fariba & Raddant, Matthias, 2013. "Cascades in real interbank markets," Kiel Working Papers 1872, Kiel Institute for the World Economy (IfW Kiel).
- Fariba Karimi & Matthias Raddant, 2013. "Cascades in real interbank markets," Papers 1310.1634, arXiv.org, revised Dec 2014.
- Abhijit Chakraborty & Tobias Reisch & Christian Diem & Pablo Astudillo-Estévez & Stefan Thurner, 2024.
"Inequality in economic shock exposures across the global firm-level supply network,"
Nature Communications, Nature, vol. 15(1), pages 1-8, December.
- Abhijit Chakraborty & Tobias Reisch & Christian Diem & Stefan Thurner, 2021. "Inequality in economic shock exposures across the global firm-level supply network," Papers 2112.00415, arXiv.org.
- Brini, Alessio & Tedeschi, Gabriele & Tantari, Daniele, 2023.
"Reinforcement learning policy recommendation for interbank network stability,"
Journal of Financial Stability, Elsevier, vol. 67(C).
- Alessio Brini & Gabriele Tedeschi & Daniele Tantari, 2022. "Reinforcement Learning Policy Recommendation for Interbank Network Stability," Papers 2204.07134, arXiv.org, revised May 2023.
- Yang Xu, 2017. "Intervention On Default Contagion Under Partial Information," Papers 1710.02127, arXiv.org.
- João Barata Ribeiro Blanco Barroso & Thiago Christiano Silva & Sergio Rubens Stancato de Souza, 2016. "Decomposition of Systemic Risk Drivers in Evolving Financial Networks," Working Papers Series 448, Central Bank of Brazil, Research Department.
- Covi, Giovanni & Gorpe, Mehmet Ziya & Kok, Christoffer, 2021.
"CoMap: Mapping Contagion in the Euro Area Banking Sector,"
Journal of Financial Stability, Elsevier, vol. 53(C).
- Covi, Giovanni & Gorpe, Mehmet Ziya & Kok, Christoffer, 2019. "CoMap: mapping contagion in the euro area banking sector," Working Paper Series 2224, European Central Bank.
- Mehmet Ziya Gorpe & Giovanni Covi & Christoffer Kok, 2019. "CoMap: Mapping Contagion in the Euro Area Banking Sector," IMF Working Papers 2019/102, International Monetary Fund.
- León, Carlos & Machado, Clara & Sarmiento, Miguel, 2018.
"Identifying central bank liquidity super-spreaders in interbank funds networks,"
Journal of Financial Stability, Elsevier, vol. 35(C), pages 75-92.
- Carlos León & Clara Machado & Miguel Sarmiento, 2014. "Identifying central bank liquidity super-spreaders in interbank funds networks," Borradores de Economia 816, Banco de la Republica de Colombia.
- Machado, C. & Sarmiento Paipilla, N.M. & León, C., 2015. "Identifying Central Bank Liquidity Super-Spreaders in Interbank Funds Networks," Other publications TiSEM 65196525-e8d7-4b78-9b8d-7, Tilburg University, School of Economics and Management.
- León, C. & Machado, C. & Sarmiento Paipilla, N.M., 2015. "Identifying Central Bank Liquidity Super-Spreaders in Interbank Funds Networks," Other publications TiSEM 452f3acc-9aff-4666-a044-7, Tilburg University, School of Economics and Management.
- Carlos León & Clara Machado & Miguel Sarmiento, 2014. "Identifying central bank liquidity super-spreaders in interbank funds networks," Borradores de Economia 11187, Banco de la Republica.
- Machado, C. & Sarmiento Paipilla, N.M. & León, C., 2015. "Identifying Central Bank Liquidity Super-Spreaders in Interbank Funds Networks," Discussion Paper 2015-052, Tilburg University, Center for Economic Research.
- Yuichi Ikeda & Hiroshi Iyetomi, 2018. "Trade network reconstruction and simulation with changes in trade policy," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 495-513, December.
- Carlos León & Constanza Martínez-Ventura & Freddy Cepeda-López, 2019.
"Short-Term Liquidity Contagion in the Interbank Market,"
Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 38(76), pages 51-80, January.
- Carlos León & Constanza Martínez & Freddy Cepeda, 2015. "Short-Term Liquidity Contagion in the Interbank Market," Borradores de Economia 920, Banco de la Republica de Colombia.
- Carlos León & Constanza Martínez & Freddy Cepeda, 2015. "Short-Term Liquidity Contagion in the Interbank Market," Borradores de Economia 14167, Banco de la Republica.
- León, C. & Martínez, Constanza & Cepeda, Freddy, 2016. "Short-Term Liquidity Contagion in the Interbank Market," Other publications TiSEM c49d4eff-9bfd-4a01-af6f-7, Tilburg University, School of Economics and Management.
- León, C. & Martínez, Constanza & Cepeda, Freddy, 2016. "Short-Term Liquidity Contagion in the Interbank Market," Discussion Paper 2016-018, Tilburg University, Center for Economic Research.
- Agostino Capponi & Peng-Chu Chen & David D. Yao, 2016. "Liability Concentration and Systemic Losses in Financial Networks," Operations Research, INFORMS, vol. 64(5), pages 1121-1134, October.
- Rahul Kaushik & Stefano Battiston, "undated".
"Credit Default Swaps Drawup Networks: Too Tied To Be Stable?,"
Working Papers
ETH-RC-12-013, ETH Zurich, Chair of Systems Design.
- Rahul Kaushik & Stefano Battiston, 2012. "Credit Default Swaps Drawup Networks: Too Tied To Be Stable?," Papers 1205.0976, arXiv.org.
- Vinko Zlatić & Giampaolo Gabbi & Hrvoje Abraham, 2015.
"Reduction of Systemic Risk by Means of Pigouvian Taxation,"
PLOS ONE, Public Library of Science, vol. 10(7), pages 1-18, July.
- Vinko Zlati'c & Giampaolo Gabbi & Hrvoje Abraham, 2014. "Reduction of systemic risk by means of Pigouvian taxation," Papers 1406.5817, arXiv.org.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-INT-2016-04-04 (International Trade)
- NEP-NET-2016-04-04 (Network Economics)
Statistics
Access and download statisticsCorrections
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:arx:papers:1603.05181. See general information about how to correct material in RePEc.
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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.