Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
Investigating how systemic risk originates and spreads across the financial system poses an inherently compositional question, i.e. a question concerning the joint distribution of relative risk share across several interdependent contributors. To address this question, we propose a weighted composit...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2025 |
| País: | España |
| Institución: | Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya) |
| Repositorio: | Recercat. Dipósit de la Recerca de Catalunya |
| OAI Identifier: | oai:recercat.cat:10256/26555 |
| Acceso en línea: | http://hdl.handle.net/10256/26555 |
| Access Level: | acceso abierto |
| Palabra clave: | Risc Zona euro Risk Eurozone |
| Sumario: | Investigating how systemic risk originates and spreads across the financial system poses an inherently compositional question, i.e. a question concerning the joint distribution of relative risk share across several interdependent contributors. To address this question, we propose a weighted compositional clustering approach aimed at tackling the trajectories and turning points of systemic risk in the Eurozone, from both a chronological and a geographical perspective. The cluster profiles emerging from our analysis indicate a progressive shift from Northern Europe towards the Euro-Mediterranean region in the coordinate center of systemic risk compositions. This shift matures as the outcome of complex interactions between core and peripheral EU countries that compositional methods have the merit of capturing and unifying in a self-contained multivariate framework |
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