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Production and financial networks in interplay: Crisis evidence from supplier-customer and credit registers
Huremovic, Kenan; Jiménez, Gabriel; Moral-Benito, Enrique - 2020
We show that bank shocks originating in the fi nancial sector propagate upstream and downstream along the production network and triple the impact of direct bank shocks. Our identi fication relies on the universe of both supplier-customer transactions and bank loans in Spain, a standard...
Persistent link: https://www.econbiz.de/10012290509
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Input-Output Networks and Growth Performances across Countries
Duman, Alper; Ertan Özgüzer, Gül - 2015
-output network characteristics. We employ a new centrality measure developed by Blöchl et al. (2011) for directed networks with self … indices of these centrality measures to output growth reveals that countries with less heterogenous IO networks tend to grow … importance of designation of sectoral policy measures to counteract heterogeneity of IO networks. …
Persistent link: https://www.econbiz.de/10011807225
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Financial predictors of real activity and the propagation of aggregate shocks
Burgstaller, Johann - 2006
Bond yield and retail interest rate spreads are presumed to lead real activity on the basis of financial accelerator mechanisms, markup cyclicality or simply because they are forward-looking. Empirical results for Austria show that retail rate spreads outperform many other indicators in this...
Persistent link: https://www.econbiz.de/10010294615
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Shocks at large banks and banking sector distress: the Banking Granular Residual
Blank, Sven; Buch, Claudia M.; Neugebauer, Katja - 2009
Size matters in banking. In this paper, we explore whether shocks originating at large banks affect the probability of distress of smaller banks and thus the stability of the banking system. Our analysis proceeds in two steps. In a first step, we follow Gabaix (2008a) and construct a measure of...
Persistent link: https://www.econbiz.de/10010298780
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Propagation of changes in demand through international trade: Case study China
Andritzky, Jochen; Kassner, Bernhard; Reuter, Wolf Heinrich - 2016
China's economy, the second largest in the world, is undergoing a fundamental transition. Its transition from a strong focus on investment and exports towards a larger share of consumption could have important ramifications for China's trading partners. Using China as a case study, this paper...
Persistent link: https://www.econbiz.de/10011654678
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A Variational Approach to Network Games
Melo, Emerson - 2018
This paper studies strategic interaction in networks. We focus on games of strategic substitutes and strategic …
Persistent link: https://www.econbiz.de/10011816766
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Risk sharing and amplification in the global banking network
Shen, Leslie Sheng; Zhang, Tony - 2024
We develop a structural model of the global banking network and analyze its role in facilitating risk sharing and amplifying shocks across countries and over time. Using bilateral international lending data, we uncover significant heterogeneity in the willingness and capacity of banks to provide...
Persistent link: https://www.econbiz.de/10014581898
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Unfolding the hidden structure of the Hungarian multi-layer firm network
Borsos, Andras; Stancsics, Martin - 2020
In this paper we offer an explorative, mainly descriptive analysis about the multi-layered network of Hungarian firms. To conduct this study, we obtained access to firm-level supplier information, on which we could superimpose also the ownership background of all Hungarian companies. Our primary...
Persistent link: https://www.econbiz.de/10012619143
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Resilience and fragility in global banking: Impacts on emerging economies
Conesa, Marina; Lotti, Giulia; Powell, Andrew - 2020
Theory suggests both resilience and fragility in banking networks. This paper finds both, exploiting a new database of …
Persistent link: https://www.econbiz.de/10012534468
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Modelos de gobierno de tipo horizontal, una perspectiva frente a los sistemas jerárquicos clásicos
Terlato, Alberto Néstor - 2019
Sociocracia, organizaciones circulares, paradigma teal, holocracia, redes, rizomas, entre otras, han cobrado particular …
Persistent link: https://www.econbiz.de/10012099717