Authority centrality and hub centrality as metrics of systemic importance of financial market infrastructures

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Borradores de Economía; No. 754
Date published
2013-02-01
Date of last update
2013-02-01
Author
León-Rincón, Carlos Eduardo
Pérez-Villalobos, Jhonatan
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
Network analysis has been applied to identify systemically important financial institutions after the 2008 financial crisis. Such applications have stressed the importance of centrality within the too-connected-to-fail concept. Yet, despite their well-kno
JEL Codes
G2 - Financial Institutions and ServicesE42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment SystemsD85 - Network Formation and Analysis: Theory
Keywords
Financial market infrastructures ; Systemic risk ; Authority ; Hub ; Centrality ; HITS algorithm ; Too-connected-to-fail ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5894
https://hdl.handle.net/20.500.12134/5894
https://doi.org/10.32468/be.754
https://ideas.repec.org/p/bdr/borrec/754.html
https://ideas.repec.org/p/col/000094/010460.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit