IDEAS home Printed from https://ideas.repec.org/a/spr/annopr/v330y2023i1d10.1007_s10479-022-04567-w.html
   My bibliography  Save this article

Financial interbanking networks resilience under shocks propagation

Author

Listed:
  • Roy Cerqueti

    (Sapienza University of Rome
    GRANEM - Université d’Angers
    School of Business)

  • Matteo Cinelli

    (Sapienza University of Rome
    Italian National Research Council — Institute for Complex Systems)

  • Giovanna Ferraro

    (University of Parma)

  • Antonio Iovanella

    (Università degli Studi Internazionali di Roma - UNINT)

Abstract

The concept of resilience—i.e., the ability of a unified structure to absorb shocks—is of high relevance in the context of network modelling and analysis, mainly when referred to finance. This paper starts from this premise, and deals with the resilience of a financial interbanking system. At this aim, we firstly introduce a new measure of the resilience of a network, by taking into full consideration the influence of the topology of the network and the weights of its links in the shocks propagation; then, we build one financial network model related to the quarterly-based interbanking sector, whose weights are calibrated on high quality empirical data; lastly, we compute the resilience measure of the considered networks. A discussion of the results is provided, by considering both finance and network theory perspectives.

Suggested Citation

  • Roy Cerqueti & Matteo Cinelli & Giovanna Ferraro & Antonio Iovanella, 2023. "Financial interbanking networks resilience under shocks propagation," Annals of Operations Research, Springer, vol. 330(1), pages 389-409, November.
    • Handle: RePEc:spr:annopr:v:330:y:2023:i:1:d:10.1007_s10479-022-04567-w
    DOI: 10.1007/s10479-022-04567-w
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10479-022-04567-w
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10479-022-04567-w?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:annopr:v:330:y:2023:i:1:d:10.1007_s10479-022-04567-w. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.