Author Archives: Kimmo Soramäki

IMF report on using network models as basis for charges on systemically important banks

By Kimmo Soramäki | Published: May 10, 2010
Recently the idea has been floated that systemically important financial institutions should be charged insurance premia to cover for government support in times of stress. The recent IMF report (April 2010) for G20 ministers now suggests that: A risk-adjusted rate could be designed to address the contribution to systemic risk. Ideally, the rate would vary according [...]
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Europe’s web of debt in New York Times

By Kimmo Soramäki | Published: May 10, 2010
New YorkTimes (1 May 2010) published a great visualization (Bill Marsh / The New York Times) of the debt relationships between European countries based on public data by BIS. Its reproduced below. The Visual Science series of New York Times has many other captivating visualizations of data as well.
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ECB promotes research on emerging front: “Too networked to fail”

By Kimmo Soramäki | Published: January 18, 2010
The ECB conference “Recent advances in modelling systemic risk using network analysis” was featured today in Securities Operations Week – a weekly publication focused on US and global securities operations, technology and compliance: “The financial crisis that began to emerge in 2007 and that gained steam in 2008 famously gave rise to the oft-cited slogan “too [...]
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Network Analysis and Canada’s Large Value Transfer System

By Kimmo Soramäki | Published: January 13, 2010
A recent paper by Lana Embree and Tom Roberts looks at the daily and intraday network structure of payment activity in the Canadian Large Value Transfer System (LVTS). The paper provides a good overview of the concepts and a nice comparison of emprical research in several payment networks. For LVTS they find that it is [...]
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New research on financial networks from 2009

By Kimmo Soramäki | Published: January 4, 2010
The year 2009 is now gone and its time to look back at the research on financial networks and related topics from that year. Here are some that I found. Please help me add to the list. Liasons Dangereuses: Incresing connectivity, risk sharing and systemic risk (by Stefano Battiston, Domenico Delli Gatti, Mauro Gallegati, Bruce C. [...]
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Financial Network Analyzer v1.0 beta released

By Kimmo Soramäki | Published: December 28, 2009
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 [...]
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Wrapping up 2009

By Kimmo Soramäki | Published: December 19, 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 [...]
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Workshop on Financial Networks and Risk Assessment

By Kimmo Soramäki | Published: December 18, 2009
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 [...]
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Financial Network Analyzer project begins

By Kimmo Soramäki | Published: November 24, 2009
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 [...]
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SNA conferences for 2010

By Kimmo Soramäki | Published: November 11, 2009
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 [...]
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