IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

At the core of the international financial system

  • Valentina Feroldi
  • Edoardo Gaffeo

    ()

This paper o¬¨√üers additional evidence on the structure of the international financial network as emerging from the Coordinated Portfolio Investment Survey (CPIS) dataset collected by the IMF. Making use of blockmodeling techniques which allow us to ‚à ö√±t a given community partition to real data, we show that the system is characterized by the presence of a particular type of meso-scale structure known as core-periphery, in which a densely connected subset of nodes (core) coexists with a sparsely connected partition (periphery), while the members of the core act as intermediaries between members of the periphery. The composition of the core - whose constituents are identi‚à ö√±ed as the set of systemically- important international ‚à ö√±nancial centers - is rather small and remains stable over time. In addition to very large economies playing host to well-known global ‚à ö√±nancial centers, the core comprises several o¬¨√ü-shore ‚à ö√±nancial markets.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.unitn.it/files/download/27419/demdp2013_05.pdf
Download Restriction: no

Paper provided by Department of Economics and Management in its series DEM Discussion Papers with number 2013/05.

as
in new window

Length:
Date of creation: 2013
Date of revision:
Handle: RePEc:trn:utwpem:2013/05
Contact details of provider: Postal: Via Inama 5, 38100 Trento
Phone: +39-461-882201
Fax: +39-461-882222
Web page: http://www.unitn.it/economia

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:trn:utwpem:2013/05. 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: (roberto.gabriele@unitn.it)

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.