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

2013-02-012013-02-012013-02-012013-02-01https://repositorio.banrep.gov.co/handle/20.500.12134/5894Network 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-knoPDFspaOpen AccessAuthority centrality and hub centrality as metrics of systemic importance of financial market infrastructuresWorking PaperG2 - Financial Institutions and ServicesE42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment SystemsD85 - Network Formation and Analysis: TheoryFinancial market infrastructuresSystemic riskAuthorityHubCentralityHITS algorithmToo-connected-to-failMercado financieroRiesgo financieroRiesgo (Economía)Riesgo sistémicoAcceso abiertoAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0E42 - Sistemas monetarios; Patrones; Regímenes; Gobierno y sistema monetario; Sistemas de pagoG2 - Instituciones y servicios financierosD85 - Formación de redes y análisis: teoriaLas 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.https://hdl.handle.net/20.500.12134/5894