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 …

particular, if the linking costs are not too low and not too high, at least one such network is pairwise stable. Moreover, in … explanation for many core-periphery structures observed in real life social networks. -- Network Formation ; Heterogeneity …

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 …