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On the optimal control of interbank contagion in the euro area banking system
Fukker, Gábor; Kok Sørensen, Christoffer - 2021
network of 373 banks. On the basis of an exogenous shock leading to defaults of some banks in the network, we find that the …
Persistent link: https://www.econbiz.de/10012605250
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Shock amplification in an interconnected financial system of banks and investment funds
Sydow, Matthias; Schilte, Aurore; Covi, Giovanni; … - 2021
This paper shows how the combined endogenous reaction of banks and investment funds to an exogenous shock can amplify … model of contagion propagation using a very large and granular data set for the euro area. Based on the economic shock … caused by the Covid-19 outbreak, we model three sources of exogenous shocks: a default shock, a market shock and a redemption …
Persistent link: https://www.econbiz.de/10012605277
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Harmonic distances and systemic stability in heterogeneous interbank networks
Fukker, Gábor - 2017
This paper investigates the effects of contagion in interbank lending networks. I introduce a new measure based on the harmonic distance of Acemoglu et al. (2015b) and, motivated by their theoretical results, compare it to well-known centrality measures already applied in the systemic risk...
Persistent link: https://www.econbiz.de/10011784380
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From banks' strategies to financial (in)stability
Berardi, Simone; Tedeschi, Gabriele - 2015
This paper aims to shed light on the emergence of systemic risk in credit systems. By developing an interbank market with heterogeneous financial institutions granting loans on different network structures, we investigate what market architecture is more resilient to liquidity shocks and how the...
Persistent link: https://www.econbiz.de/10011306996
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The interbank market puzzle
Allen, Franklin; Covi, Giovanni; Gu, Xian; Kowalewski, Oskar - 2020
This study documents significant differences in the interbank market lending and borrowing levels across countries. We argue that the existing differences in interbank market usage can be explained by the trust of the market participants in the stability of the country's banking sector and...
Persistent link: https://www.econbiz.de/10012422036
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Bank bailouts, international linkages and cooperation
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2011
Financial institutions are increasingly linked internationally. As a result, financial crisis and government intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While a social planner trades off tax distortions, liquidation...
Persistent link: https://www.econbiz.de/10010274723
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Chinese Commodity Imports in Ghana and Senegal: Demystifying Chinese Business Strength in Urban West Africa
Marfaing, Laurence; Thiel, Alena - 2011
Since the beginning of the twenty-first century, independent entrepreneurial migrants from China have been increasingly flocking to Africa in search of greener pastures. This paper scrutinizes the empirical foundations of the increasingly hostile discourses of African traders regarding the...
Persistent link: https://www.econbiz.de/10010293537
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Interbank tiering and money center banks
Craig, Ben R.; von Peter, Goetz - 2010
This paper provides evidence that interbank markets are tiered rather than flat, in the sense that most banks do not lend to each other directly but through money center banks acting as intermediaries. We capture the concept of tiering by developing a core-periphery model, and devise a procedure...
Persistent link: https://www.econbiz.de/10010303920
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Innovationskooperationen und Wissenstransfer von Unternehmen im Raum Jena
Kaps, Katharina; Pfeil, Silko; Sauer, Thomas; Stoetzer, … - 2011
Die im Rahmen des vom Bundesministerium für Bildung und Forschung (BMBF) geförderten Projektes KompNet2011 - Erfolgsfaktoren regionaler Innovationsnetze - durchgeführte Befragung untersucht die Innovationskooperationen sowie Wissenstransferaktivitäten von schwerpunktmäßig kleinen und...
Persistent link: https://www.econbiz.de/10010304809
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Clusters for life or life cycles of clusters: Critical factors for resilience
Suire, Raphael; Vicente, Jerome - 2010
This paper aims to contribute to the identification of the key parameters of cluster life cycles. We assume that clusters are embedded in larger technological fields, so that the search for these parameters focuses on the way by which clusters could disconnect their cycle from the cycle of...
Persistent link: https://www.econbiz.de/10011332289