Iori, Giulia; Mantegna, Rosario N.; Marotta, Luca; … - In: Journal of Economic Dynamics and Control 50 (2015) C, pp. 98-116
In this paper, we introduce a model of interbank trading with memory. The memory mechanism is used to introduce a proxy of trust in the model. The key idea is that a lender, having lent many times to a borrower in the past, is more likely to lend to that borrower again in the future than to...
