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 …

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. …

of the world order, the city network. …

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 …

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 …

correlation amongst them. …