Before revision:  They serve as proxies for measuring the interdependence of financial markets and the robustness of the global financial system from 2002 to 2012, covering the 2008 global financial crisis. Focusing on the largest strongly-connected core component of the threshold network, while the edge threshold is set according to the percolation properties of the long-term debt securities network, we identify two early-warning indicators for global financial distress.
After revision:  They serve as proxies for measuring the interdependence of financial markets and the robustness of the global financial system and the interdependence of financial markets, respectively. Two early-warning indicators for global financial distress.