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This paper tests competing theories of interbank lending using 43 quarters (2002-2012) of confifidential data on the German banking sector and interbank market. It shows that banks use the interbank market for liquidity co-insurance as traditionally assumed. However, the importance of the...
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This paper tests competing theories of interbank lending using 43 quarters (2002-2012) of confidential data on the German banking sector and interbank market. It shows that banks use the interbank market for liquidity co-insurance as traditionally assumed. However, the importance of the...
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Social information use is common in a wide range of group-living animals, notably in humans. We investigated social information use by pedestrians in a potentially dangerous scenario: at a road crossing. To judge a safe gap in traffic, pedestrians can use social information, such as the crossing...
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