We consider a network economy in which economic agents are connected within a structure of value … sufficient and necessary conditions on the prevailing network structure for the existence of stable assignments, both in the …

-­substitutability as the main drivers of systemic<br/>importance: (i) centrality as net borrower in the money market network …;<br/>(ii) centrality as payments originator in the large-value payment system<br/>network, and (iii) asset value of core financial services …

We study a financial network characterized by the presence of depositors, banks and their shareholders. Belonging to a … financial network is beneficial for both the depositors and banks' shareholders since the return to investment increases with … the number of banks connected. However, the network is fragile since banks, which invest on behalf of the depositors, can …

This paper explores the manner in which the structure of a social network constrains the level of inequality that can … be sustained among its members. We assume that any distribution of value across the network must be stable with respect … network. We show that if the network is bipartite, there is a unique stable payoff distribution that is maximally unequal in …

An interacting network coupling financial institutions’ multiplex (i.e. multi-layer) and financial market … because the network then fails to isolate feedbacks and limit cascades while it retains its robust-yet-fragile features …