Showing 1 - 10 of 427
from observing the actions of peers. When the social belief is strong and the financial network is fragmented, banks follow … endogenously formed interbank networks, however, less informative signals lead to higher network density and less synchronization …
Persistent link: https://www.econbiz.de/10010405430
theoretical findings, we estimate an empirical network from industry cash flows and find support for these predictions. …
Persistent link: https://www.econbiz.de/10011900728
The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...
Persistent link: https://www.econbiz.de/10010249740
that can best be characterized as a shrinking of the interbank network. Such a change in the network structure is … consequential: banks with higher centrality within the network have better access to liquidity and are able to charge larger …
Persistent link: https://www.econbiz.de/10010471923
analyzes a learning model with endogenous network formation in which people have different types and live in different regions … beliefs. Finally, I propose a simple way to model people who neglect a potential correlation of signals and show that these …
Persistent link: https://www.econbiz.de/10011762816
are bilinear, the matrices of these bilinear forms represent the network, and strategies have norm at most one. Another … utilitity functions, where the matrices representing the network have dimension m × n. For connected directed bipartite networks …
Persistent link: https://www.econbiz.de/10012503054
This paper examines how a change in layoff order can affect the decomposition and the size of unemployment in an equilibrium model where workers make optimal occupational reallocation decisions. In a calibrated model, a policy that concentrates involuntary unemployment incidences to...
Persistent link: https://www.econbiz.de/10012503055
An undirected connected bimodal network has two Bonacich measures quantifying the centrality of the nodes. We show that … the product of Bonacich measures of an undirected bimodal network may be viewed as a product measure that is nearest (w ….r.t. Euclidean norm) to the matrix representing the network. A directed bimodal network has four Bonacich measures, two inflow and …
Persistent link: https://www.econbiz.de/10012503059
structures of a network. One of the methods is based on identifying a node subset that maximizes the average degree within this … cluster, and so on recursively. The method produces an ordered partition of the node set of the original network. We give a …
Persistent link: https://www.econbiz.de/10012503071
The Flemish government launched its Spearhead Cluster (SHC) policy in 2017. The aim is to boost strategic sectors by setting up cluster initiatives which coordinate collaborative R&D initiatives. In this paper, we analyze whether becoming a member of such a cluster initiative has an impact on...
Persistent link: https://www.econbiz.de/10014566745