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the transition from the industrial economy to the network economy. The network economy is based on information technology … and functions of banks in the finance system network structure as a result of a rapidly changing technological environment. …
Persistent link: https://www.econbiz.de/10011539892
The recent global financial crisis has triggered a huge interest in the use of network concepts and network tools to … privileged positions in the interbank network, such as via preferential lending relationships, or because of occupying a more … review is dedicated to the analysis of indirect networks, specifically (e) proximity based network, i.e. networks obtained …
Persistent link: https://www.econbiz.de/10014024356
We propose new measures to characterize dynamic network connections in large financial and economic systems. In doing … so, our measures allow one to describe and understand causal network structures that evolve throughout time and over … researchers and practitioners to examine network connections over any horizon of interest whilst also being applicable to a wide …
Persistent link: https://www.econbiz.de/10012828344
Persistent link: https://www.econbiz.de/10010227565
contributions. For the purposes of surveillance and regulation of financial systems, network dependencies in extreme risks are more … sector fragmentation and sovereign-bank linkages evolved over the European sovereign debt crisis, and how they are reflected … in estimated network statistics and systemic risk measures. Finally, our evidence provides an indication that the …
Persistent link: https://www.econbiz.de/10011414705
Persistent link: https://www.econbiz.de/10012130949
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
We investigate the distribution of links in three large data-sets, one of these covering interbank loans in the electronic trading platform e-MID, the other two covering a large part of the loans of banks to non-financial companies in the Spanish and Japanese economies, respectively. In contrast...
Persistent link: https://www.econbiz.de/10011662620
with heterogeneous financial institutions granting loans on different network structures, we investigate what market … strategy in uences both the banks' performance and the network topology. In this way, we are able to identify the most … effective tactics adapt to contain contagion and the corresponding network topology. Our analysis shows that, when financial …
Persistent link: https://www.econbiz.de/10011302383
In this paper we contribute to the debate on macro-prudential regulation by assessing which structure of the financial system is more resilient to exogenous shocks, and which conditions, in terms of balance sheet compositions, capital requirements and asset prices, guarantee the higher degree of...
Persistent link: https://www.econbiz.de/10010530664