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Too-connected versus too-big-to-fail: banks’ network centrality and overnight interest rates.
Gabrieli, S. - Banque de France - 2012
What influences banks’ borrowing costs in the unsecured money market? The objective of this paper is to test whether measures of centrality, quantifying network effects due to interactions among banks in the market, can help explain heterogeneous patterns in the interest rates paid to borrow...
Persistent link: https://www.econbiz.de/10010575494
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Capital and Contagion in Financial Networks
di Iasio, Giovanni; Battiston, Stefano; Infante, Luigi; … - Volkswirtschaftliche Fakultät, … - 2013
We implement a novel method to detect systemically important financial institutions in a network. The method consists in a simple model of distress and losses redistribution derived from the interaction of banks' balance-sheets through bilateral exposures. The algorithm goes beyond the...
Persistent link: https://www.econbiz.de/10011112050
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Herd Behavior and Cascading in Capital Markets: A Review and Synthesis
Hirshleifer, David; Teoh, Siew Hong - Volkswirtschaftliche Fakultät, … - 2001
We review theory and evidence relating to herd behaviour, payoff and reputational interactions, social learning, and …
Persistent link: https://www.econbiz.de/10005619577
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Liquidity risk and contagion in interbank markets: a presentation of Allen and Gale Model
FERROUHI, El Mehdi; LEHADIRI, Abderrassoul - Volkswirtschaftliche Fakultät, … - 2013
The paper analyzes liquidity risk and contagion in interbank markets. The aim of the research is to define the … different structures of interbank markets and structures that allow the better allocation of liquidity and thus avoid the spread … model in the management of liquidity risk in the interbank market. We will then analyze the mechanisms that explain the …
Persistent link: https://www.econbiz.de/10011111992
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The role of Supreme Audit Institutions in fight against the consequences of financial and economic crisis: A theoretical approach
Nagy, Sándor - Volkswirtschaftliche Fakultät, … - 2012
There is a significant pressure on Supreme Audit Institutions in Europe: shrinking available resources and growing expectations from its stakeholders (citizens, civil organizations, investors, governments etc.). In consequence of the financial and economic crisis and the unpredictable shocks,...
Persistent link: https://www.econbiz.de/10011259441
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Limited Information Aggregation and Externalities - A Simple Model of Metastable Market
Gong, Zheng; Tian, Feng; Xu, Boyan - Volkswirtschaftliche Fakultät, … - 2013
We analyze a model in which agents’ decisions to enter or exit investments are influenced from their individual and external parties’ transaction histories. Actual investment outcomes are unknown to all participants until the end of decision periods, but outcomes do change depending on the...
Persistent link: https://www.econbiz.de/10011259655
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Bowling alone but tweeting together: the evolution of human interaction in the social networking era
Antoci, Angelo; Sabatini, Fabio; Sodini, Mauro - Volkswirtschaftliche Fakultät, … - 2011
The objective of this paper is to theoretically analyze how human interaction may evolve in a world characterized by the explosion of online networking and other Web-mediated ways of building and nurturing relationships. The analysis shows that online networking yields a storage mechanism...
Persistent link: https://www.econbiz.de/10009325632
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Trafficking in drugs and economic theory
Pandey, S.S.D. - Volkswirtschaftliche Fakultät, … - 1991
.By using developments in other human sciences, study opens the road leading to more realistic economic theory. …
Persistent link: https://www.econbiz.de/10009422026
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Some Inquiries to Spontaneous Opinions: A case with Twitter in Indonesia
Maulana, Ardian; Situngkir, Hokky - Volkswirtschaftliche Fakultät, … - 2010
The paper discusses opportunities to utilize the series of micro-blogs as provided by the Twitter in observation of opinion dynamics. The spontaneity of tweets is more, as the service is attached more to the mobile communications. The extraction of information in the series of tweets is...
Persistent link: https://www.econbiz.de/10008695068
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Information Trading in Social Networks
Karavaev, Andrei - Volkswirtschaftliche Fakultät, … - 2008
This paper considers information trading in fixed networks of economic agents who can only observe and trade with other agents with whom they are directly connected. We study the nature of price competition for information in this environment. The linear network, when the agents are located at...
Persistent link: https://www.econbiz.de/10005836400