Hidden community interlayer spillover detection in financial multilayer networks: Generalization of hierarchical clustering to multilayer networks

Jamshid Ardalankia; Ali Habibnia; Marcel Ausloos; G. Reza Jafari

doi:10.1371/journal.pone.0330372

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Open Access

Peer-reviewed

Research Article

Hidden community interlayer spillover detection in financial multilayer networks: Generalization of hierarchical clustering to multilayer networks

Jamshid Ardalankia,

Roles Conceptualization, Data curation, Formal analysis, Methodology, Software, Visualization, Writing – original draft, Writing – review & editing

Affiliations Department of Economics, Virginia Tech, Blacksburg, Virginia, United States of America, Dataism Laboratory for Quantitative Finance, Virginia Tech, Blacksburg, Virginia, United States of America
⨯
Ali Habibnia,

Roles Conceptualization, Methodology, Project administration, Supervision, Validation, Writing – review & editing

Affiliations Department of Economics, Virginia Tech, Blacksburg, Virginia, United States of America, Dataism Laboratory for Quantitative Finance, Virginia Tech, Blacksburg, Virginia, United States of America
⨯
Marcel Ausloos,

Roles Conceptualization, Validation, Writing – review & editing

Affiliations School of Business, University of Leicester, Brookfield, Leicester, United Kingdom, Department of Statistics and Econometrics, Bucharest University of Economic Studies, Bucharest, Romania, Group of Researchers Applying Physics in Economy and Sociology (GRAPES), Beauvallon, Liège Angleur, Belgium, Universitatea Babeş-Bolyai, Cluj-Napoca, Romania

https://orcid.org/0000-0001-9973-0019

⨯
G. Reza Jafari

Roles Conceptualization, Methodology, Project administration, Supervision, Validation, Writing – review & editing

* E-mail: gjafari@gmail.com

Affiliations Department of Physics, Shahid Beheshti University, Evin, Tehran, Iran, Center for Communications Technology, London Metropolitan University, London, United Kingdom, Chandigarh Group of Colleges Jhanjeri, Punjab, India

https://orcid.org/0000-0002-0448-5549

⨯

Hidden community interlayer spillover detection in financial multilayer networks: Generalization of hierarchical clustering to multilayer networks

Jamshid Ardalankia,
Ali Habibnia,
Marcel Ausloos,
G. Reza Jafari

Published: September 3, 2025
https://doi.org/10.1371/journal.pone.0330372

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