Complexity, big data and financial stability
Financial stability analysis and policy should concentrate on accurate price discovery for complex instruments, realistic financial information generation processes, and system-wide risk materializing within complex financial networks. To this end, complexity analysis can make a useful contribution....
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doaj-b1056a9e19dc4166987da8d0026c19c22020-11-25T01:03:46ZengAIMS PressQuantitative Finance and Economics2573-01342018-08-012363766010.3934/QFE.2018.3.637Complexity, big data and financial stabilityCharilaos Mertzanis0American University in Cairo, AUC Avenue, P.O. Box 74, New Cairo 11835, EgyptFinancial stability analysis and policy should concentrate on accurate price discovery for complex instruments, realistic financial information generation processes, and system-wide risk materializing within complex financial networks. To this end, complexity analysis can make a useful contribution. The effectiveness of these approaches rests crucially on the quality and standardization of big data that today characterized financial activity throughout the globe. Considerable progress is made over the past year in the development of a key element of such standardization—the global legal entity identifier system. It aims to uniquely identify parties to financial transactions across the globe. While this is a necessary and key first step, it is only one step towards a strong, flexible and adaptable global data infrastructure conducive to financial stability policy.http://www.aimspress.com/article/10.3934/QFE.2018.3.637/fulltext.htmlfinancial stability| complexity| big data| global legal entity identifier |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Charilaos Mertzanis |
spellingShingle |
Charilaos Mertzanis Complexity, big data and financial stability Quantitative Finance and Economics financial stability| complexity| big data| global legal entity identifier |
author_facet |
Charilaos Mertzanis |
author_sort |
Charilaos Mertzanis |
title |
Complexity, big data and financial stability |
title_short |
Complexity, big data and financial stability |
title_full |
Complexity, big data and financial stability |
title_fullStr |
Complexity, big data and financial stability |
title_full_unstemmed |
Complexity, big data and financial stability |
title_sort |
complexity, big data and financial stability |
publisher |
AIMS Press |
series |
Quantitative Finance and Economics |
issn |
2573-0134 |
publishDate |
2018-08-01 |
description |
Financial stability analysis and policy should concentrate on accurate price discovery for complex instruments, realistic financial information generation processes, and system-wide risk materializing within complex financial networks. To this end, complexity analysis can make a useful contribution. The effectiveness of these approaches rests crucially on the quality and standardization of big data that today characterized financial activity throughout the globe. Considerable progress is made over the past year in the development of a key element of such standardization—the global legal entity identifier system. It aims to uniquely identify parties to financial transactions across the globe. While this is a necessary and key first step, it is only one step towards a strong, flexible and adaptable global data infrastructure conducive to financial stability policy. |
topic |
financial stability| complexity| big data| global legal entity identifier |
url |
http://www.aimspress.com/article/10.3934/QFE.2018.3.637/fulltext.html |
work_keys_str_mv |
AT charilaosmertzanis complexitybigdataandfinancialstability |
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1725199542329016320 |