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 …

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 …

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

Consumers can acquire information through their own search efforts or through their social network. Information … show how market prices depend on the characteristics of the network and on search cost. For example, if the search cost …

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 …

concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability … 2000 to 2008 to measure interbank relationships and the network characteristics. We match these data with the bids placed …. When the network position of the bank is taken into account, we find that central lenders in the money market bid more …