Borradores de Economia
Número:
754
Publicado:
Clasificación JEL:
D85, E42, G2
Palabras clave:
financial market infrastructures, systemic risk, authority, hub
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Zhibiao Zhao, Manuel Darío Hernández-Bejarano
Network 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-kno