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dc.contributor.authorLi, Weien_US
dc.contributor.authorKenett, Droren_US
dc.contributor.authorYamasaki, Kazukoen_US
dc.contributor.authorStanley, H. Eugeneen_US
dc.contributor.authorHavlin, Shlomoen_US
dc.date.accessioned2018-03-07T14:40:41Z
dc.date.available2018-03-07T14:40:41Z
dc.date.issued2017
dc.identifier.citationWei Li, Dror Kenett, Kazuko Yamasaki, Eugene Stanley, Shlomo Havlin. 2017. "Ranking the economic importance of countries and industries." The Journal of Network Theory in Finance,
dc.identifier.issn2055-7795
dc.identifier.urihttps://hdl.handle.net/2144/27388
dc.description.abstractIn the current era of worldwide market interdependencies, the global financial village has become increasingly vulnerable to systemic collapse. The global financial crisis has highlighted the necessity of understanding and quantifying the interdependencies among the world’s economies; developing new, effective approaches for risk evaluation; and providing mitigating solutions. We present a methodological framework for quantifying interdependencies in the global market and for evaluating risk levels in the worldwide financial network. The resulting information will enable policy and decision makers to better measure, understand and maintain financial stability. We use this methodology to rank the economic importance of each industry and country according to the global damage that would result from its failure. Our quantitative results shed new light on China’s increasing economic dominance over other economies, including that of the United States, as well as the global economy.
dc.relation.ispartofThe Journal of Network Theory in Financeen_US
dc.rights© Infopro Digital Services (IP) Limited 2017
dc.subjectCorrelations
dc.subjectFinancial markets
dc.subjectInfluence
dc.subjectRisk
dc.titleRanking the economic importance of countries and industriesen_US
dc.typeArticle
dc.identifier.doi10.21314/JNTF.2017.031
pubs.elements-sourcecrossrefen_US
pubs.notesEmbargo: No embargoen_US
pubs.organisational-groupBoston Universityen_US
pubs.organisational-groupBoston University, College of Arts & Sciencesen_US
pubs.organisational-groupBoston University, College of Arts & Sciences, Department of Physicsen_US
pubs.publication-statusPublisheden_US
dc.date.online2017


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