OPERATIONALIZATION OF THE COMPOSITE MODEL OF THE FINANCIAL NETWORK OF THE ECONOMY. CEFIMO 2010 EXPERIMENT

The economy can be approached as a network, the financialmonetary network being one of its components, characterized by composition, configuration and architecture. This approach allows the composite modelling of the financial network; the composite financial network is an assembly of interactions between independent, delimited parts (real or not) which support each other within the assembly; the signification of the parts is defined only within these interactions. The composite modelling of the complex financial networks allows the division of a model in modules, each of them including a set of component. Thus, the network of the interbanking interactions has been divided into five modules, trying to interpret and evaluate the transmission of the shocks and non-payments within the network. CEFIMO experiment reveals, on the basis of a set of parameters, the impact of the banking exposures, of the interactions and merging on the network contagion of non-payments and opens the possibility to analyse the liquidity risk and expands, by differentiation, the analysis of the composite interbanking network.