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| Analysis of International Stock Market Structure and Feature from the Perspective of Complex Network |
| HAN Dongmei, WANG Wen
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| School of Information Management and Engineering, Shanghai University of Finance and Economics, Shanghai 200433, China |
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Abstract The complex network is established to measure correlations in fluctuation among index return series of stock markets from various countries, with the Kendall’s τ rank correlation coefficient as the edge weight. The network topology characteristics are studied and analysis results show that the international stock market network is endowed with small-world effect, without scale-free nature and three communities are found. The results agree with reality,which has certain instructive effect on the setting of immunization strategies.
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Received: 01 September 2013
Published: 22 June 2026
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