A look at financial dependencies by means of econophysics and financial economics

Abstract This is a review about financial dependencies which merges efforts in econophysics and economics during the last few years. We focus on most relevant contributions to analysis of asset markets’ dependencies, especially correlational studies, our opinion are beneficial for researchers both fields. In econophysics, these can be modeled describe markets as evolving complex networks. particular, we show that useful way by means information filtering networks able retrieve meaningful datasets. comovement spill-overs. several models presented how network factor model approaches related modeling multivariate volatility returns, respectively. Finally, sketch out studies inspire future research they contribute support fields find better stronger common language.