D'Errico, Marco; Battiston, Stefano; Peltonen, Tuomo; … - 2016
-tie network architecture to endogenously emerge as a result of intermediation. This architecture shows three distinct sets of … show that the probability of widespread distress due to counterparty risk is higher in a bow-tie architecture than in more … financial reference entities in 2011-2014. We find the presence of a bow-tie network architecture consistently across both …