In this paper, we ask whether the structure of investor networks, which are estimated using shareholder registration data, is abnormal during financial crises. We answer this question by analyzing the structure of investor networks through 10 prominent features. The networks are estimated from...

Due to counterparty risks, some Bitcoin trading platforms allow users to rate the level of trust they have in others. We examine users' feedback behaviour on two Bitcoin trading platforms and provide statistically strong evidence that the feedback behaviour of Bitcoin users is dependent on how...

We introduce the formation a network of money flows between assets in stock markets, which captures directed relations between assets in terms of how investors have re-allocated money in the stock exchange. Our approach is based on identifying a directed link, or money flow, that occurs when an...