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Author Archives: Kimmo
Financial Network Analyzer v1.0 beta released
After a little over a month of development, beta version 1.0 of the tool is now ready. It is an open source project sponsored by Norges Bank. The code is available at Google Code (get in touch with me to participate) and the documentation on Google docs. Currently the tool has a command line user [...]
Posted in Tools and software Comments closed
Wrapping up 2009
The year is coming to an end and it a good time to look back at how this blog evolved during the year. I started it in March 2008 mainly as my personal blog but as I noticed that most of the articles covered financial networks in one sense or another, and that there was [...]
Posted in News Comments closed
Workshop on Financial Networks and Risk Assessment
MITACS is organizing a Workshop on Financial Networks and Risk Assessment, taking place in Toronto from May 19 to May 21, 2010. The workshop is part of the MITACS International Focus Period on Advances in Network Analysis and its Applications and will be attended by 30-50 specialists in the field (from academia and business) as [...]
Posted in Conferences, Research Comments closed
Financial Network Analyzer project begins
I started a project with Norges Bank to develop an easy and comprehensive tool specifically geared towards creating and analysing financial networks constructed of trade or payment data. Its is an open source project and the program and code will be available at fna.sourceforge.net already during the development phase. The first phase of development for [...]
SNA conferences for 2010
A few conference announcements from INSNA mailing list:
NetSciCom 2010, Second IEEE International Workshop on Network Science For Communication Networks, March 19, 2010 – San Diego, CA, USA
6th UK Social Networks Conference to take place at University of Manchester from 12th to 16th of April 2010.
Workshop on Financial Networks and Risk Assessment, May 19.21, 2010 in Toronto [...]
Posted in Conferences, News Comments closed
The Feasibility of Systemic Risk Measurement
A testimony by Andrew Lo for the U.S. House of Representatives Financial Services Committee for its hearing on systemic risk regulation, held October 29, 2009. It proposes two major measures that could alleviate the next big financial crisis.
First, new legislation that provides more transparency on a confidential basis to regulators on financial institutions activities. This would [...]
Posted in News Comments closed
Informational Properties of Trading Networks
There is a new interesting paper "On the Informational Properties of Trading Networks" by Adamic, Brunetti Harris and Kirilenko using transaction level data for all regular transactions in September 2008 E-mini S&P 500 futures contracts.
They construct networks from executed trades and then look at the structure of these networks and relate them to returns, volatility, [...]
Posted in Research Comments closed
ECB workshop on “Recent advances in modelling systemic risk using network analysis”
European Central Bank (ECB) organized a workshop with the above title last Monday, 5th of October. It was the first event of this scale gathering researchers applying network theory and network analysis on banking, financial stability and systemic risk topics. The introductory remarks to the workshop were given by Gertrude Tumpel-Gugerell, Member of the ECB’s [...]
Posted in Conferences, Research Comments closed
European Systemic Risk Board to be established
A proposal for a new EU institution, European Systemic Risk Board, was published on 23 September 2009. The proposed body will have the mandate to map financial risks and their concentration at the system level for the macro-prudential supervision of systemic stability. European Union central banks will have a prominent role in it and the Secretariat [...]
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New research on financial networks from 2009