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

León-Rincón, Carlos Eduardo; Pérez-Villalobos, Jhonatan

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

2013-02-01

Authors

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.

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

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