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The power to control

Nature Physics volume 9, pages 126–128 (2013)Cite this article

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Understanding something of the complexity of a financial network is one thing, influencing the behaviour of that system is another. But new tools from network science define a notion of 'controllability' that, coupled with 'centrality', could prove useful to economists and financial regulators.

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Figure 1: TARGET2 represented as a 'bow-tie' diagram9.
Figure 2: Transactions of the Italian electronic interbank market e-MID.

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Acknowledgements

The authors acknowledge support from the European FET Open Project FOC 'Forecasting Financial Crises' (No. 255987) and from the Working Group on Networks and Systemic risk, part of the Institute for New Economic Thinking's Financial Stability Research Program.

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Authors and Affiliations

  1. Marco Galbiati* is at the Bank of England, Threadneedle Street, London EC2R 8AH, UK, and formerly an overseer of the TARGET2 system at the European Central Bank, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany,

    Marco Galbiati

  2. Danilo Delpini is in the Department of Economics and Business (DiSEA), University of Sassari, via Muroni 25, 07100 Sassari, Italy,

    Danilo Delpini

  3. Stefano Battiston is at ETH Zürich, 8092 Zurich, Switzerland,

    Stefano Battiston

Authors
  1. Marco Galbiati
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  2. Danilo Delpini
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  3. Stefano Battiston
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Correspondence to Marco Galbiati.

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Galbiati, M., Delpini, D. & Battiston, S. The power to control. Nature Phys 9, 126–128 (2013). https://doi.org/10.1038/nphys2581

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