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...

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Detalles Bibliográficos
Autores: Fiori, Anna Maria, Coenders, Germà
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
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spelling Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clusteringFiori, Anna MariaCoenders, GermàRiscZona euroRiskEurozoneInvestigating 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 frameworkThe research of G.C. was supported by the Spanish Ministry of Science and Innovation and ERDF—a way of making Europe [grant number PID2021-123833OB-I00], the Spanish Ministry of Health [grant number CIBERCB06/02/1002], the Department of Research and Universities of Generalitat de Catalunya [grant numbers 2021SGR01197 and 2023-CLIMA-00037], and AGAUR and the Department of Climate Action, Food, and Rural Agenda of Generalitat de Catalunya [grant number 2023-CLIMA-00037]MDPI (Multidisciplinary Digital Publishing Institute)Agencia Estatal de Investigación2025info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionpeer-reviewedapplication/pdfhttp://hdl.handle.net/10256/26555http://hdl.handle.net/10256/26555Risks, 2025, vol. 13, nú m. 2, p. 21Articles publicats (D-EC)Fiori, Anna Maria Coenders, Germà 2025 Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering Risks 13 2 21reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)Inglésinfo:eu-repo/semantics/altIdentifier/doi/10.3390/risks13020021info:eu-repo/semantics/altIdentifier/eissn/2227-9091PID2021-123833OB-I00info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023/PID2021-123833OB-I00Reconeixement 4.0 Internacionalinfo:eu-repo/semantics/openAccessoai:recercat.cat:10256/265552026-05-29T05:05:01Z
dc.title.none.fl_str_mv Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
title Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
spellingShingle Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
Fiori, Anna Maria
Risc
Zona euro
Risk
Eurozone
title_short Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
title_full Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
title_fullStr Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
title_full_unstemmed Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
title_sort Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering
dc.creator.none.fl_str_mv Fiori, Anna Maria
Coenders, Germà
author Fiori, Anna Maria
author_facet Fiori, Anna Maria
Coenders, Germà
author_role author
author2 Coenders, Germà
author2_role author
dc.contributor.none.fl_str_mv Agencia Estatal de Investigación
dc.subject.none.fl_str_mv Risc
Zona euro
Risk
Eurozone
topic Risc
Zona euro
Risk
Eurozone
description 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
publishDate 2025
dc.date.none.fl_str_mv 2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
peer-reviewed
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10256/26555
http://hdl.handle.net/10256/26555
url http://hdl.handle.net/10256/26555
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.3390/risks13020021
info:eu-repo/semantics/altIdentifier/eissn/2227-9091
PID2021-123833OB-I00
info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023/PID2021-123833OB-I00
dc.rights.none.fl_str_mv Reconeixement 4.0 Internacional
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Reconeixement 4.0 Internacional
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI (Multidisciplinary Digital Publishing Institute)
publisher.none.fl_str_mv MDPI (Multidisciplinary Digital Publishing Institute)
dc.source.none.fl_str_mv Risks, 2025, vol. 13, nú m. 2, p. 21
Articles publicats (D-EC)
Fiori, Anna Maria Coenders, Germà 2025 Turning points in core-periphery displacement of systemic risk in the Eurozone: Constrained weighted compositional clustering Risks 13 2 21
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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