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 …

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

that can best be characterized as a shrinking of the interbank network. Such a change in the network structure is … consequential: banks with higher centrality within the network have better access to liquidity and are able to charge larger …

of the world order, the city network. …

activities can also decrease stability if, for example, the network is driven into the contagion window or insufficiently stable … large banks) have been receiving, there is no consistent picture of the impact of mergers on the stability of the financial … resilience of financial systems based on different network models. We investigate the impact of a wide variety of model …