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Visualizing Financial Networks @ Visualizar '11

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New understanding of the financial system and implications for policy makers …

New understanding of the financial system and implications for policy makers

(with Ines Salpico)

Published in: Economy & Finance

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  • 1. VISUALIZAR’1115th June 2011
    Visualizing Financial Networksnew understanding of the financial system and implications for policy makers
    Inês Salpico
    Kimmo Soramäki
  • 2. Context: Aftermath of the financial crisis
    Stress and increase of regulation
    Financial System understood as a network
    Systemic risk:
    “too connected to fail”
    Extended mandate(s) to collect data
    New paradigm of data collection and analysis
    Need to process and analyze this data
  • 3. Questions:
    How to make sense of data?
  • 4. Questions:
    How to make sense of data?
    How to make data analysis actually operative in supervision and regulation?
  • 5. Theory
    Research
    Supervision
    Regulation
    New analytical paradigms
    namely: network
    Methods
    Data
  • 6. Questions:
    How to make sense of data?
    How to make data analysis actually operative in policy and supervision?
    How to use analysis to actually see what’s happening in the system?
  • 7. x
    (You wish!)
  • 8. Intelligence?
    Financial crisis are different and rare
  • 9. Intelligence?
    Financial crisis are different and rare
    The patterns to be recognized would have to be frequent enough for computers to learn
  • 10. The wire – video excerpt
  • 11. Intelligence?
    AI - Artificial Intelligence
  • 12. Intelligence?
    AI - Artificial Intelligence
    IA - Intelligence Amplification
    ref: William Ross Ashby (1956) in ‘Introduction to Cybernetics’
    Tools that make data and analysis actionable for humans
  • 13.
  • 14. Visualization
    Tools vs. Customised Visualizations
    Tools vs. Customised Visualizations
    > Fusion Charts http://www.fusioncharts.com/
    > Gephi http://gephi.org/
    > Google Chart Tools http://code.google.com/intl/pt-PT/apis/charttools/
    > HighCharts http://www.highcharts.com/
    > Many Eyes (IBM) http://www-958.ibm.com/software/data/cognos/manyeyes/
    > Protovis http://vis.stanford.edu/protovis/
    > Tableau http://www.tableausoftware.com/
  • 15. Visualization
    Tools vs. Customised Visualizations
    > Information is Beautiful http://www.informationisbeautiful.net/
    > Infosthetics http://infosthetics.com/
    > Flowing Data http://flowingdata.com/
    > Marumushi http://marumushi.com/tags/information+visualization
    > Visual Complexity http://www.visualcomplexity.com/vc/
  • 16. Visualization
    Infographics vs. Analytical Visualizations
    Infographics vs. Analytical Visualizations
    > Representation: Qualitative vs. Quantitative
    > Representation: Qualitative vs. Quantitative
    > Focus: Message vs. Data
    > Representation: Qualitative vs. Quantitative
    > Focus: Message vs. Data
    > Exploration: Limited vs. Unlimited
  • 17. Europe's Web of Debt
    Bill Marsh/The New York Times Visual Science Series , May 1, 2010
  • 18.
  • 19. Analysis + Visualization
    Infographical and Analytical
    > Qualitative and Quantitative
    > Exploration and analysis of the raw data
  • 20. Paradigm
    understanding
  • 21.
  • 22. Objectives
    Provide a tool for time series analysis of network data in finance
    Provide a platform for building agent based and simulation models
    Make advances in research available to policy
    Based on 7 years of research with Central Banks
    Focus on ease of use, performance and flexibility
  • 23. FNA demo – video excerpts
  • 24. FNA
    Platform for
    Exploring
    Analyzing
    Visualizing
    financial networks
  • 25. Versions
    • Web
    • 26. Cloud service
    • 27. REST API (for accessing FNA engine from web applications)
    • 28. Intranet
    • 29. Operative use
    • 30. Integration to databases and user management
    • 31. Browser based GUI
    • 32. Desktop
    • 33. By demand, academic use
    • 34. Command line version available
    • 35. Integration with external programs like Matlab, Stata, Excel, etc.
  • Thank you
    More information
    www.financialnetworkanalysis.com
    Contact us
    kimmo@soramaki.net
    ines@soramaki.net