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The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...
Persistent link: https://www.econbiz.de/10010249740
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 …
Persistent link: https://www.econbiz.de/10010405430
theoretical findings, we estimate an empirical network from industry cash flows and find support for these predictions. …
Persistent link: https://www.econbiz.de/10011900728
Persistent link: https://www.econbiz.de/10013454069
resilience of financial systems based on different network models. We investigate the impact of a wide variety of model … systems. Our main finding is that merger activities can stabilize or destabilize the modelled financial network, depending on … various details such as the connectivity of the network and the assumed merger process. Merger activities can increase …
Persistent link: https://www.econbiz.de/10014435357
applications of complex systems' methods and methodologies in education in Brazil, such as Agent-Based Modeling, Network Analysis …
Persistent link: https://www.econbiz.de/10012058352
Central banks wish to avoid self-fulfilling fluctuations. Monetary rules with a unit response to real rates achieve this under the weakest possible assumptions about the behaviour of households and firms. They are robust to household heterogeneity, hand-to-mouth consumers, non-rational...
Persistent link: https://www.econbiz.de/10013459408
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 …
Persistent link: https://www.econbiz.de/10010471923
of the world order, the city network. …
Persistent link: https://www.econbiz.de/10012594632
Digital work settings potentially facilitate remote collaboration and thereby decrease geographic frictions in knowledge work. Here, I analyze spatial collaboration patterns of some 191 thousand software developers in the United States on the largest code repository platform GitHub. Despite...
Persistent link: https://www.econbiz.de/10014496404