probable links with the largest exposures consistent with the total lending and borrowing of each bank, leading to networks …

bank heterogeneity, we find that a core-periphery network cannot be unilaterally stable when banks are homogeneous. A core … heterogeneity may arise endogenously if payoffs feed back into bank size …

concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability … by the individual banks in the European Central Bank’s (ECB) weekly repo auctions. The bids measure each bank …’s willingness to pay for liquidity since they had variable rate tenders with a “pay-your-bid” price. Controlling for bank …

endogenous individual bank choices are necessary to properly consider how losses develop as the interbank lending network evolves … and shows how bank losses and failures arise from network contagion and lending market illiquidity. When calibrated to … post-crisis data from 2011-14, the model shows the U.S. banking system has reduced its likelihood of bank failures through …

banking crises by exogenously failing each bank in the system and observe the propagation mechanisms that take effect within … across bank sizes and interbank exposures …

sum of the contagion-induced losses when considering the network layers individually. In addition, a bank “systemic …