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This paper proposes network entropy as a tool for measuring diversity of highly connected financial networks. The … computation of network entropy hinges on eigenvector centrality and Shannon entropy. Two policy-related findings emerge from this … research. First, regarding time variation of network entropy, international diversification of the global financial network …
Persistent link: https://www.econbiz.de/10013026008
How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the international adjustment mechanism. First, we rely on high-frequency surprises in the price of gold to identify the effects of global risk shocks in a Bayesian Proxy VAR model. They...
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maximum entropy. They claim a weighted international distribution of total primary energy demand should approach a Boltzmann …-Gibbs maximum entropy equilibrium distribution in the form of an exponential distribution, implying convergence to a Gini ….5 Gini. We conclude that the findings based on maximum entropy reasoning are sensitive to accounting conventions and …
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generate global growth shocks. When agents have concerns for robustness, country-specific shocks (1) alter global entropy, and …
Persistent link: https://www.econbiz.de/10014037596
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