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 …

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

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 …