equilibrium of this default game. Next, we develop an algorithm to find all Nash equilibria that relies on the financial network …

Financial network structure is an important determinant of systemic risk. This paper examines how the U.S. interbank … network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the …, initially reducing overall network concentration. The network became even more focused on Fed cities during the Depression, as …

that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …

; Cover Function ; Bargaining ; Symmetric Game ; Network …