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efficiency of farms, contributing to an increase in their agricultural income and production, as well as fostering an increase in …
Persistent link: https://www.econbiz.de/10011875953
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 …
Persistent link: https://www.econbiz.de/10012894679
This paper examines the link between bank competition measures and risk indicators using quarterly interbank exposures data for all banks in Mexico during 2008Q1-2019Q1. The classical literature focuses on disentangling the link between competition and individual bank solvency risk. In this...
Persistent link: https://www.econbiz.de/10012796834
We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest … interlinkages and fire sale externalities. The resulting network configuration exhibits a coreperiphery structure, dis …-assortative behavior and low density. Within this framework we analyze the effects of prudential policies on the stability/efficiency trade …
Persistent link: https://www.econbiz.de/10012061674
We present new evidence on the structure of euro area securities markets using a multilayer network approach. Layers …, since it supports the identification of counterparty risk, concentration risk and funding risk within the interbank network … and the wider macro-financial network. …
Persistent link: https://www.econbiz.de/10011997550
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 …
Persistent link: https://www.econbiz.de/10011997897
that while the global network structure remains stable, individual exposures are more dynamic. The main message from the …
Persistent link: https://www.econbiz.de/10014482892
This paper studies optimal risk-taking and information disclosure by firms that obtain financing from both a 'relationship' bank and 'arm's-length' banks. We find that firm decisions are asymmetrically influenced by the degree of heterogeneity among banks: lowly-collateralized firms vary optimal...
Persistent link: https://www.econbiz.de/10010263312
Persistent link: https://www.econbiz.de/10013359037
Persistent link: https://www.econbiz.de/10011348436