from observing the actions of peers. When the social belief is strong and the financial network is fragmented, banks follow … endogenously formed interbank networks, however, less informative signals lead to higher network density and less synchronization …

network. Traders are privately informed about their types (e.g. their portfolios), which is something the dealer must take … business to a crossing network. We show that the presence of such a network results in more trader types being serviced by the … determine the structure of the crossing network and show that the same conditions that lead to a reduction of the spread imply …

theoretical findings, we estimate an empirical network from industry cash flows and find support for these predictions. …

given by different sponsors (the federal government, the Länder and the European Union). Recent theory stresses the …

the network of the receiving party, thus the termination end has the characteristic of an economic bottleneck and is …