unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper …

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 …

analyzes a learning model with endogenous network formation in which people have different types and live in different regions …

This study focuses on the role of heterogeneity in network peer effects by accounting for network-specific factors and … consistent for a large number of networks keeping the individual network size bounded. We apply this approach to estimate peer … effects on school achievement exploiting the network structure of friendships within classrooms. The empirical evidence …

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. …

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

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 …