network effects of US monetary policy on the industry level. Second, we account for cross-sectional heterogeneity and cluster … network effects varies strongly over time. In particular, US recessions tend to coincide with periods where between 40 to 60 … percent of the overall effects can be attributed to network effects; expansionary economic episodes show muted network effects …

microfounded network model with endogenous network formation to analyze the impact of central banks' monetary policy interventions …

We introduce a flexible, time-varying network model to trace the propagation of interest rate surprises across … curve. We find that the network of interest rate surprises is indeed asymmetric, and defined by spillovers between adjacent …

network. We first provide a characterization of the unique equilibrium of banks' liquidity holdings for any network of credit … lines. Then, we endogenize the network and show that every equilibrium network is a complete coreperiphery graph. Central … accounting for banks' endogenous linking decisions, a narrower corridor may lead to a sparser interbank network with higher …

This paper studies the network structure and fragmentation of the Argentinean interbank market. The unsecured (CALL …) and secured (REPO) markets are examined, applying complex network analysis. Results indicate that although the secured …