Visualizing Financial Networks @ Visualizar '11
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This document discusses visualizing financial networks to better understand the financial system and implications for policymakers. It notes that after the financial crisis, more data on financial networks is being collected but challenges remain in making sense of and taking action based on this data. The document introduces Financial Network Analysis (FNA), a platform for exploring, analyzing, and visualizing financial networks through tools, custom visualizations, and models. FNA aims to make advances in network research accessible to policymakers and regulators.
Visualizing Financial Networks @ Visualizar '11
- 1. VISUALIZAR’1115th June 2011Visualizing Financial Networksnew understanding of the financial system and implications for policy makersInês SalpicoKimmo Soramäki
- 2. Context: Aftermath of the financial crisisStress and increase of regulationFinancial System understood as a networkSystemic risk:“too connected to fail”Extended mandate(s) to collect dataNew paradigm of data collection and analysisNeed 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. TheoryResearchSupervisionRegulationNew analytical paradigmsnamely: networkMethodsData
- 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 IntelligenceIA - Intelligence Amplificationref: William Ross Ashby (1956) in ‘Introduction to Cybernetics’Tools that make data and analysis actionable for humans
- 14. VisualizationTools vs. Customised VisualizationsTools 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. VisualizationTools 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. VisualizationInfographics vs. Analytical VisualizationsInfographics 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 DebtBill Marsh/The New York Times Visual Science Series , May 1, 2010
- 19. Analysis + VisualizationInfographical and Analytical> Qualitative and Quantitative> Exploration and analysis of the raw data
- 22. ObjectivesProvide a tool for time series analysis of network data in financeProvide a platform for building agent based and simulation modelsMake advances in research available to policyBased on 7 years of research with Central BanksFocus on ease of use, performance and flexibility
- 23. FNA demo – video excerpts
- 24. FNAPlatform for Exploring AnalyzingVisualizing financial networks
- 25. VersionsWeb
- 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
- 32. Desktop
- 33. By demand, academic use
- 34. Command line version available
- 35. Integration with external programs like Matlab, Stata, Excel, etc.Thank youMore informationwww.financialnetworkanalysis.comContact uskimmo@soramaki.netines@soramaki.net