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Article

Network Analysis of Cross-Correlations on Forex Market during Crises. Globalisation on Forex Market

1
Institute of Theoretical Physics, University of Wrocław, 50-204 Wrocław, Poland
2
Physics and Biophysics Department, Wrocław University of Environmental and Life Sciences, 50-375 Wrocław, Poland
Academic Editor: H. Eugene Stanley
Entropy 2021, 23(3), 352; https://doi.org/10.3390/e23030352
Received: 11 February 2021 / Revised: 3 March 2021 / Accepted: 11 March 2021 / Published: 15 March 2021
(This article belongs to the Special Issue Three Risky Decades: A Time for Econophysics?)
Within the paper, the problem of globalisation during financial crises is analysed. The research is based on the Forex exchange rates. In the analysis, the power law classification scheme (PLCS) is used. The study shows that during crises cross-correlations increase resulting in significant growth of cliques, and also the ranks of nodes on the converging time series network are growing. This suggests that the crises expose the globalisation processes, which can be verified by the proposed analysis. View Full-Text
Keywords: time series analysis; cross-correlations; power law classification scheme; network analysis; globalisation; entropy time series analysis; cross-correlations; power law classification scheme; network analysis; globalisation; entropy
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MDPI and ACS Style

Miśkiewicz, J. Network Analysis of Cross-Correlations on Forex Market during Crises. Globalisation on Forex Market. Entropy 2021, 23, 352. https://doi.org/10.3390/e23030352

AMA Style

Miśkiewicz J. Network Analysis of Cross-Correlations on Forex Market during Crises. Globalisation on Forex Market. Entropy. 2021; 23(3):352. https://doi.org/10.3390/e23030352

Chicago/Turabian Style

Miśkiewicz, Janusz. 2021. "Network Analysis of Cross-Correlations on Forex Market during Crises. Globalisation on Forex Market" Entropy 23, no. 3: 352. https://doi.org/10.3390/e23030352

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