Showing 1 - 10 of 31
This paper investigates whether government support can act to increase exporting activity. We use a uniquely rich data set on Irish manufacturing plants and employ an empirical strategy that combines a non-parametric matching procedure with a difference-in-differences estimator in order to deal...
Persistent link: https://www.econbiz.de/10010982877
social network structure is not described in the adaptive belief system models, even though the network structure is an … important factor of interaction. The interaction behavior should ideally be based on some kind of social network structures …-Gibbs distribution can be directly applied, without considering the underlying social network structure more seriously. To this day, it …
Persistent link: https://www.econbiz.de/10009223285
network of German corporate boards as well as closely connected among themselves. While their analysis has been based on data … turnover within the group of persons constituting the network core …
Persistent link: https://www.econbiz.de/10009358643
. To this end, we hypothesize that the respondents of the survey under investigation form a core-periphery network, and we … discrete setting showed significantly better prediction capabilities than those agents assigned to the periphery of the network …
Persistent link: https://www.econbiz.de/10008784523
the increased interconnectedness, the failure of one node in the interbank network might constitute a threat to the …-interconnected-too-fail” is, depends on the exact topology of the network on which the supervisory authorities have typically very incomplete … knowledge. We propose a probabilistic model to combine some important known quantities (like the size of the banks) with a …
Persistent link: https://www.econbiz.de/10010905564
This paper studies a simple dynamic model of interbank credit relationships. Starting from a given balance sheet structure of a banking system with a realistic distribution of bank sizes, the necessity of establishing interbank credit connections 3merges from idiosyncratic liquidity shocks....
Persistent link: https://www.econbiz.de/10010905569
In this paper, we develop an agent-based multi-layered interbank network model based on a sample of large EU banks. The … sum of the contagion-induced losses when considering the network layers individually. In addition, a bank “systemic … importance” measure based on the multi-layered network model is developed and is shown to outperform standard network centrality …
Persistent link: https://www.econbiz.de/10010905573
to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question … is relevant for policy, since these subsets are likely to channel any shock affecting the network. As it turns out, a … reliable answer can be obtained with the aid of complex network theory. In particular, the authors show how it is possible to …
Persistent link: https://www.econbiz.de/10010956113
Markov chains have experienced a surge of economic interest in the form of behavioral agent-based models that aim at explaining the statistical regularities of financial returns. We review some of the relevant mathematical facts and show how they apply to agent-based herding models, with the...
Persistent link: https://www.econbiz.de/10008583487
highly central in the entire network while being densely connected among themselves. To identify the core, we compare the … the existence of a core in Germany’s board and director network. Conditional on being a board member, it is very …
Persistent link: https://www.econbiz.de/10005818830