The Heat Kernel Expansion: Curvature for Shock Detection in Higher-Order Financial Networks (opens in new tab)

This work follows the evolution of financial networks in Norway over a period of nine years at a monthly rate. The data consist of board directors and their affiliations to companies, which we model as simplicial complexes. In this framework, directors are represented as nodes and companies as faces of the complex. To characterize the latter, we focus on three topological measures: the Euler characteristic, computed through the Betti numbers, ...