A full overview of all loans and debts between banks would prevent a new financial collapse. But banks do not provide this information. An econophysics model by Diego Garlaschelli and collaborators ...

Both physical and economic phenomena may possess universal features that could be uncovered using the tools of physics. The principal difference is that in economic systems -- unlike physical ones -- ...

In a new study, researchers of the Complexity Science Hub highlight the connecting elements between traditional financial market research and econophysics. "We want to create an overview of the models ...

Tax evasion is a serious problem for many governments. In Greece, the more or less ubiquitous avoidance of tax has brought the country to its knees and the European Union to the verge of collapse. So ...

How do asset markets work? Which stocks behave similarly? Economists, physicists, and mathematicians work intensively to draw a picture but need to learn what is happening outside their discipline. A ...

How would you go about understanding how markets can suddenly be gripped by panic? To physicists, using a model originally developed to explain magnetism might make sense. Yet, economists may find ...