Modular scale-free architecture of Colombian financial networks : evidence and challenges with financial stability in view

León-Rincón, Carlos Eduardo; Berndsen, Ron J.

Modular scale-free architecture of Colombian financial networks : evidence and challenges with financial stability in view

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Borradores de Economía; No. 799

Date published

2013-12-23

Date

2013-12-23

Authors

León-Rincón, Carlos Eduardo
Berndsen, Ron J.

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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

Scale-free (inhomogeneous) connective structures with modular (highly clustered) hierarchies are ubiquitous in real–world networks. Evidence from the main Colombian payment and settlement systems verifies that local financial networks have self-organized