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To analyze the spreading and cessation of them, rumor transmissions are often modeled as social contagion processes.
Finally, the GFC constituted a highly synchronized and systemic extreme financial event, as evidenced by our findings depicting the onset of severe underlying international financial contagion processes.
Despite the fact that such information cascades can be defined in different ways, it is important to check whether some of the observed patterns are common to diverse contagion processes that take place on modern social media.
While advances in the understanding of the mechanisms and control of contagion processes in complex networks [3, 18 22] may describe driven collective action [23 30] (e.g. social unrest), the active monitoring of online activity provides real-time images of the current state of a system and potentially where it is heading.
Some researchers have exploited the framework of compartmental modeling in epidemiology and tried to introduce the concept of networks-based models either for the description of social contagion processes as done in [19] or for the study of the propagation of electronic and computer viruses as in [20, 21].
For expository purpose, we imagine two contagion processes: one of disease proper, and one of fear about the disease.
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None of the case studies directly observed the contagion process in action.
Before January, this sequence of events was quite likely, but the ECB's bond-buying programme put a firebreak at each point of the contagion process.
The skeptical narrative sees Greece leaving the euro to seek salvation through competitive devaluation, so starting a contagion process leading to the collapse of the currency.
"You get the whole financial contagion process moving forward with a lot more uncertainty, a lot more risk aversion in the near term," he said.
The model combines the contagion process of risk, the network structural features and the behavior characteristics of banking crisis.
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