Figure 6. The global financial village for the years 2000 (left) and 2010 (right).

The width of the edges of the graph is proportional to the meta-correlation between the markets it connects (right legend). The node size is proportional to the inter-correlations (left legend). For 2000 we observe markets with low intra-correlations and inter-correlations of similar magnitude, excluding China. For 2010 we observe much higher intra-correlations in all markets and a denser network of interdependencies. (The nodes for the U.K. and Germany are further away from each other than their geographical position).