We introduce a central bank digital currency (CBDC) in the network of financial accounts. Simulating shift deposits by both households and non-financial corporations from banking sector to bank, we model different responses affected institutional sectors. find that introduction CBDC generates funding shortages banks, which may propagate other In addition, significant adjustments balance sheets ...

A the many factors contributing to the financial crisis of 2007–08, the role of the growing interconnectedness of the global financial system is perhaps the least understood. The crisis exposed the fact that regulators and market participants had very limited information about the network of obligations between financial institutions. It also revealed that there was little theoretical understan...

The field of Financial Networks is a paramount example the novel applications Statistical Physics that have made possible by present data revolution. As total value global financial market has vastly outgrown real economy, institutions on this planet created web interactions whose size and topology calls for quantitative analysis means Complex Networks. are not only playground use basic tools s...

Globalization and technological advances, notably, in telecommunications networks and in the development of new financial instruments, have transformed the financial services landscape and their impacts have been studied empirically. In this paper, in contrast, we focus on the theoretical foundations of such transformations and we develop a rigorous dynamic supernetwork theory for the integrati...

Research background: The study suggests that social networks can offer all the same services and products as traditional financial intermediaries. Moreover, scope prospects for inclusion of in network system are not yet fully defined clear. Nevertheless, modern largest sites constantly developing their functions. they do it way often differ from intermediation method: firstly, a “single window”...

Fraud is a common phenomenon in business, and according to Section 24 of the Iranian Auditing Standards, it is the fraudulent act of one or more managers, employees, or third parties to derive unfair advantage and any intentional or unlawful conduct. Financial statements are a means of transmitting confidential management information about the<br ...

It is very important for managers, investors and financial policy-makers to detect and analyze factors affecting financial markets to obtain optimal decision and reduce risks. The importance of market analysis and attempt to improve its behavior understanding, has led analysts to use the experiences of other professionals in the fields such as social sciences and mathematics to examine the inte...