Formation of Tectonic Wave Networks: Dynamics of the Mexican Payment System Structure

Behavior, Economic and Social Computing (BESC) International Conference, 2014, DOI: 10.1109/BESC.2014.7059524

7 Pages Posted: 26 Apr 2015

See all articles by Biliana Alexandrova-Kabadjova

Biliana Alexandrova-Kabadjova

Bank of Mexico

Antoaneta Serguieva

University College London - Financial Computing and Analytics Group, Department of Computer Science

Liliana Garcia-Ochoa

Bank of Mexico

Date Written: November 1, 2014

Abstract

The purpose of the present study is to analyze the network structure of the Mexican large value payment system (LVPS), SPEI, by accounting for all direct participants. We build the bilateral relationships of the financial institutions based on the aggregated amount of transactions performed on a daily basis. In particular, we look trough two different segments-one consisting of the institutions that have direct access to the liquidity provided by the Mexican Central Bank, and the other formed by the institutions that do not have such access. In order to determine the overall structure of the network, we identify different components and measure their connectivity. We term this structure `tectonic waves' by analogy with structural geology. We observe that tectonic waves structure exhibits dynamic properties.

Keywords: Networks formation, financial market infrastrucutres, payment systems

Suggested Citation

Alexandrova-Kabadjova, Biliana and Serguieva, Antoaneta and Garcia-Ochoa, Liliana, Formation of Tectonic Wave Networks: Dynamics of the Mexican Payment System Structure (November 1, 2014). Behavior, Economic and Social Computing (BESC) International Conference, 2014, DOI: 10.1109/BESC.2014.7059524, Available at SSRN: https://ssrn.com/abstract=2598840

Biliana Alexandrova-Kabadjova (Contact Author)

Bank of Mexico ( email )

Av. 5 de Mayo 6
Piso 7
Mexico City
Mexico

Antoaneta Serguieva

University College London - Financial Computing and Analytics Group, Department of Computer Science ( email )

Gower Street
London, WC1E 6BT
United Kingdom
+44(0)2031087048 (Phone)

HOME PAGE: http://blockchain.cs.ucl.ac.uk/people/antoaneta-serguieva

Liliana Garcia-Ochoa

Bank of Mexico ( email )

Av. 5 de Mayo 18
Piso 4
Mexico City, 06059
Mexico

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