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We represent an exchange economy in terms of statistical ensembles for complex networks by introducing the concept of market configuration. In this way, starting from economic reasoning, we obtain a sound interpretation of the typical network variables in terms of thermodynamic quantities...
Persistent link: https://www.econbiz.de/10010674448
The interbank market has a natural multiplex network representation. We employ a unique database of supervisory reports of Italian banks to the Banca d'Italia that includes all bilateral exposures broken down by maturity and by the secured and unsecured nature of the contract. We find that...
Persistent link: https://www.econbiz.de/10010712496
We represent an exchange economy in terms of statistical ensembles for complex networks by introducing the concept of market configuration. In this way, starting from economic reasoning, we obtain a sound interpretation of the typical network variables in terms of thermodynamic quantities...
Persistent link: https://www.econbiz.de/10010714025
Persistent link: https://www.econbiz.de/10010183231
Persistent link: https://www.econbiz.de/10009015847
We introduce a financially constrained production framework in which heterogeneous firms and banks entertain multiple credit connections. The parameters of credit market interaction are estimated from real data in order to reproduce a set of empirical regularities of the Japanese credit market....
Persistent link: https://www.econbiz.de/10012903705
Real markets can be naturally represented as networks, and they share with other social networks the fundamental property of sparsity, whereby agents are connected by l = O (n) relationships. The exponential networks model introduced by Park and Newman can be extended in order to deal with this...
Persistent link: https://www.econbiz.de/10013085575
The interbank market has a natural multiplex network representation. We employ a unique database of supervisory reports of Italian banks to the Banca d'Italia that includes all bilateral exposures broken down by maturity and by the secured and unsecured nature of the contract. We find that...
Persistent link: https://www.econbiz.de/10013062246
Persistent link: https://www.econbiz.de/10014384450
Persistent link: https://www.econbiz.de/10009261024