should be nowadays replaced with a network-oriented view. Closer insight into the concept of systemic risk can refer to the … have disastrous effects and cause extreme damage as the number of network nodes goes to infinity. Strongly interconnected …

We model the unsecured overnight market in the United Kingdom as a network of relationships and examine how the … structure has changed over the recent period of crisis. Using established network techniques, we find strong evidence of the …. -- Network ; topology ; interbank ; unsecured loan ; systemic risk ; financial stability …

probability and potential impact of contagion is influenced by aggregate and idiosyncratic shocks, changes in network structure … future robustness. -- Contagion ; network models ; systemic risk ; liquidity risk ; financial crises …

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 …

We investigate how the network structure of financial linkages and uncertainty about the location of a shock affect the … network structure. In contrast, contagion is minimal on circle networks and market prices remain stable. Uncertainty on the … location of the shock has little influence. The traders' comprehension level of the network-driven risk is predictive of their …

and 1867 in Pennsylvania, we study how the NBAs changed the network structure and quantify the effect on financial … stability in an interbank network model. We find that the NBAs induced a concentration of interbank deposits at both the city …