Showing 1 - 10 of 67
This paper studies Finnish firms and especially it's boardroom network and the effects that it has on financial actions. Compared with earlier studies, this study also takes into consideration both firms that are not connected and uses them as a natural comparison, as well as principal component...
Persistent link: https://www.econbiz.de/10012503064
In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability to meet its liquidity demand. We use quarterly...
Persistent link: https://www.econbiz.de/10010238510
realistic interbank networks that preserve important characteristics of the original interbank market. The method loads the most … probable links with the largest exposures consistent with the total lending and borrowing of each bank, leading to networks …
Persistent link: https://www.econbiz.de/10010249740
We investigate the cases when the Bonacich measures of strongly connected directed bipartite networks can be … utilitity functions, where the matrices representing the network have dimension m × n. For connected directed bipartite networks … Bonacich measures of such networks can be interpreted as a subgame perfect equilibrium path of an extensive form game with …
Persistent link: https://www.econbiz.de/10012503054
An undirected connected bimodal network has two Bonacich measures quantifying the centrality of the nodes. We show that the product of Bonacich measures of an undirected bimodal network may be viewed as a product measure that is nearest (w.r.t. Euclidean norm) to the matrix representing the...
Persistent link: https://www.econbiz.de/10012503059
We study axiomatically recursive clustering methods for networks. Such methods can be used to identify community …
Persistent link: https://www.econbiz.de/10012503071
consistent for a large number of networks keeping the individual network size bounded. We apply this approach to estimate peer …
Persistent link: https://www.econbiz.de/10014496412
This paper examines how a change in layoff order can affect the decomposition and the size of unemployment in an equilibrium model where workers make optimal occupational reallocation decisions. In a calibrated model, a policy that concentrates involuntary unemployment incidences to...
Persistent link: https://www.econbiz.de/10012503055
We present a model for the dynamics of networks in which edges represent positions in organizations, holders of which … is capable of explaining how such networks are formed. It is observed that distances from firms to candidates and the …
Persistent link: https://www.econbiz.de/10012503069
We study the liquidity allocation among European banks around the Lehman insolvency using a novel dataset of all interbank loans settled via the Eurosystem’s payment system TARGET2. Following the Lehman insolvency, lenders in the overnight segment become sensitive to counterparty...
Persistent link: https://www.econbiz.de/10010471923