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Abstract

The credit crisis roiling the world-s financial markets will likely takeyears and entire careers to fully understand and analyze. A short empiricalinvestigation of the current trends, however, demonstrates that the losses incertain markets, in this case the US equity markets, follow a cascade orepidemic flow like model along the correlations of various stocks. A few imagesand explanation here will suffice to show the phenomenon. Also, whether theidea of -epidemic- or a -cascade- is a metaphor or model for this crisis willbe discussed.

Animations of the spread of the crisis are available at http:-reggiesmithsci.googlepages.com-creditcrisis



Item Type: MPRA Paper -

Original Title: The Spread of the Credit Crisis: View from a Stock Correlation Network-

Language: English-

Keywords: networks, econophysics, equities, stock market,correlation, credit crisis-

Subjects: G - Financial Economics > G1 - General Financial Markets > G15 - International Financial MarketsG - Financial Economics > G1 - General Financial Markets > G10 - General-





Autor: Smith, Reginald

Fuente: https://mpra.ub.uni-muenchen.de/15453/







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