The hyperbolic geometry of financial networks

نویسندگان

چکیده

Abstract Based on data from the European banking stress tests of 2014, 2016 and transparency exercise 2018 we construct networks banks demonstrate that latent geometry these financial can be well-represented by negative curvature, i.e., hyperbolic geometry. Using two different embedding methods, hydra+ Mercator, this allows us to connect network structure popularity-vs-similarity model Papdopoulos et al., which is based Poincaré disc We show dimensions ‘popularity’ ‘similarity’ in are strongly associated systemic importance geographic subdivisions system, independent method used. In a longitudinal analysis over time span 2014 find individual has remained rather stable, while peripheral community exhibits more (but still moderate) variability. our argue embeddings into used monitor structural change able distinguish between changes relevance other (peripheral) changes.

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ژورنال

عنوان ژورنال: Scientific Reports

سال: 2021

ISSN: ['2045-2322']

DOI: https://doi.org/10.1038/s41598-021-83328-4