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not limited to geographical proximity, small world features, regional homophily, and a core-periphery structure …
Persistent link: https://www.econbiz.de/10012977779
This paper computes data-driven correlation networks based on the stock returns of international banks and conducts a comprehensive analysis of their topological properties. We first apply spatial-dependence methods to filter the effects of strong common factors and a thresholding procedure to...
Persistent link: https://www.econbiz.de/10012978179
Persistent link: https://www.econbiz.de/10011593648
We use lasso methods to shrink, select and estimate the network linking the publicly-traded subset of the world's top … 150 banks, 2003-2014. We characterize static network connectedness using full-sample estimation and dynamic network … connectedness using rolling-window estimation. Statistically, we find that global banking connectedness is clearly linked to bank …
Persistent link: https://www.econbiz.de/10012856145
We develop a structural model of the global banking network and analyze its role in facilitating risk sharing and amplifying shocks across countries and over time. Using bilateral international lending data, we uncover significant heterogeneity in the willingness and capacity of banks to provide...
Persistent link: https://www.econbiz.de/10014529108
The empirical growth literature has usually ignored spatial interdependence among countries. This paper uses spatial econometrics to estimate a growth model in which a country's economic growth depends on the growth rate of its neighbors. The results show that spatial relationships are relevant...
Persistent link: https://www.econbiz.de/10014116760
countries. Concerning fundamentals, the move to a fixed exchange rate regime and an increase in real world interest rates are …
Persistent link: https://www.econbiz.de/10009660970
Persistent link: https://www.econbiz.de/10003937869
The aim of this study is to examine the determinants of international banking. In doing so, it utilizes data from the Bank of International Settlements (BIS). In particular, the primal variable of interest is drawn from BIS Consolidated Statistics and refers to banks' foreign claims. is defined...
Persistent link: https://www.econbiz.de/10011574406
difference-in-differences estimation with banks being allocated to the treatment and control group based on the region of their …
Persistent link: https://www.econbiz.de/10013370513