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Competitio

Vol. 17 No. 1-2 (2018)
Papers

Network Analysis for Market Surveillance

Published:
2018-12-14
DOI Linkhttps://doi.org/10.21845/comp/2018/1-2/2
Authors
Gergely Szots,
Gabor Nagy
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PDF (Hungarian)
Keywords
CDS network analysis market abuse
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Copyright (c) 2018 Gergely Szőts, Gábor Nagy

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How To Cite
Selected Style: APA
Szots, G., & Nagy, G. (2018). Network Analysis for Market Surveillance. Competitio, 17(1-2), 19-33. https://doi.org/10.21845/comp/2018/1-2/2
Abstract

Our analysis has focused on the network structure of the credit default swap (CDS) market because relatively few publications have appeared on this segment of the financial market. The article puts emphasis on a proposed new supervisory tool which uses network science in market surveillance of the Hungarian financial market. Our research results are compared to those of a previously published ESMA analysis, where the writers applied network science to analyze financial market contagion risks. As a result, the article concludes that the Hungarian sovereign CDS market network structure is similar to the European one in the sense that it is highly concentrated.

Journal of Economic Literature (JEL) codes: G14, C45

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