Economic Networks in the Capital Markets of the BRICS: Insights through Graph Theory

Authors

  • Marc Cortés Rufé University of Barcelona, Barcelona, Spain image/svg+xml
  • Jordi Martí Pidelaserra University of Barcelona, Barcelona, Spain image/svg+xml
  • Cecilia Kindelán Amorrich Canadian University of Dubai, Dubai, United Arab Emirates image/svg+xml

DOI:

https://doi.org/10.4067/S0718-88702026000100003

Keywords:

Risk and Return Disparities, Market Integration, BRICS, Graph Theory, Emerging Economies

Abstract

In the dynamic global economic landscape, the BRICS nations, along with emerging countries like Egypt, Saudi Arabia, and the UAE, are reshaping commercial and financial integration. This study focuses on their unique economic alliance, highlighting the expansion of their diverse economies. It utilizes graph theory to examine the harmonization of risk and return profiles across various financial markets, indicating a move towards a more unified global economy. While integration brings challenges such as exposure to global financial volatility, strategic macroeconomic policymaking is crucial. This analysis underscores the significant influence of these economies on global economic trends, emphasizing the need for ongoing dialogue for their integration into the global financial system. The research highlights the importance of sophisticated analysis by policymakers, investors, and analysts in navigating this complex economic landscape.

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Author Biography

Marc Cortés Rufé, University of Barcelona, Barcelona, Spain

Associate Professor of Applied Economics and Econometrics 

University of Barcelona (Universitat de Barcelona)

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Published

2026-05-21

How to Cite

Cortés Rufé, M., Martí Pidelaserra, J., & Kindelán Amorrich, C. (2026). Economic Networks in the Capital Markets of the BRICS: Insights through Graph Theory. Economic Analysis Review, 41(1), 3–36. https://doi.org/10.4067/S0718-88702026000100003

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