Before revision:  While the common components, driven by market shocks, are related to the non-diversifiable or {\it systematic } components of risk, the idiosyncratic components show important interdependencies which are nicely described through network structures.
After revision:  While the common components, driven by market shocks, are related to the non-diversifiable or {\it Long-Run Variance Decomposition Network } components of risk, the idiosyncratic components show important interdependencies which are nicely described through network structures.