2012 Fiscal Year Final Research Report

Network Structure and Financial Crises

Research Project

Project/Area Number	22510141
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Social systems engineering/Safety system
Research Institution	The University of Tokyo
Principal Investigator	FUJII Mariko 東京大学, 先端科学技術研究センター, 教授 (90323550)
Co-Investigator(Renkei-kenkyūsha)	MASUDA Naoki 東京大学, 情報理工学系研究科, 准教授 (40415295) TAKAOKA Makoto 琉球大学, 法文学部, 講師 (60376663)
Project Period (FY)	2010 – 2012
Keywords	ネットワーク / 金融危機 / 金融システムの安定性
Research Abstract	This research explores the characteristics of the financial system those are vulnerable to the financial crisis and contagion. First, we modeled a financial system as a network and conducted simulations to determine key factors affecting the stability of the system when exogenous shock occurs. Second, we propose a network centrality measure, associated with risk of global financial instability, based on the international financial flow data. This index may serve to monitor potential magnitude of global financial instability that reflects the soundness of the debtor country and global interconnectedness in capital markets.

(3 results)