I have finally obtained access to the CRSP data (which was used in the Billio et al paper on econometric measures of systemic risk) and I plan to start my research by duplicating part of their work and then moving on the analyze a similar data-set for the UK. I also have plans to ground some of the systemic risk measures a bit more in economic network theory, and then develop a couple measures of my own...

On the theory side of things, I am working on refining a set of research questions to tackle the complexity of large economic networks. What I am going to try and tackle first is the following: I want to develop a economic model that captures...

- Densification power laws: networks are becoming denser over time, with the average degree increasing (and hence with the number of edges growing super-linearly in the number of nodes). Moreover, the densification follows a power law pattern
- Shrinking diameter: The effective diameter is, in many cases, actually decreasing as the network grows.

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