Speaker
Dr
Kwang-Il Goh
(Korea University)
Description
Persistent recurrence of global economic crises throughout
economic history calls for understanding of their generic
features. Given the ever highly interconnected nature of the
global economic system, a network dynamics approach may
provide some key insights toward this goal. In this talk, we
discuss how the connectivity patterns of the global economic
system would affect the spreading of crises from the
perspective of collective network dynamics. Using a
cascading-failure-type toy model, we show how the dynamics
of crisis spreading is shaped by local and global
connectivity profiles of the global economic network. We
also discuss the perspective of multiplex network modeling
and its implications to the assessment of systemic risk.
