{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2022,4,2]],"date-time":"2022-04-02T03:29:20Z","timestamp":1648870160113},"reference-count":25,"publisher":"World Scientific Pub Co Pte Lt","issue":"07n08","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Advs. Complex Syst."],"published-print":{"date-parts":[[2015,11]]},"abstract":"<jats:p> We construct banking networks using bank-level balance sheet data from 2005 to 2010 from five emerging countries: Argentina, Brazil, Mexico, South Africa, and Taiwan. The network interaction is based on the leverage ratio dependence between each pair of banks within a same country. Despite leverage and accounting rules heterogeneity, the results are robust across countries. The leverage diversity produces financial networks with a modular structure characterized by one large bank community, some small ones, and isolated banks. However, these groups of banks merge together creating a financial network topology that converges to a unique large cluster at a relatively low leverage dependence level. Finally, we simulate the banking system through a model of corporate and interbank loans with credit shocks, where links between banks arise due to insufficient liquidity. The model yields leverage-based networks that are similar to the empirical ones. A model prediction for banks\u2019 growth is presented and tested in the data. <\/jats:p>","DOI":"10.1142\/s0219525915500228","type":"journal-article","created":{"date-parts":[[2015,12,18]],"date-time":"2015-12-18T06:20:33Z","timestamp":1450419633000},"page":"1550022","source":"Crossref","is-referenced-by-count":1,"title":["BANKING NETWORKS AND LEVERAGE DEPENDENCE IN EMERGING COUNTRIES"],"prefix":"10.1142","volume":"18","author":[{"given":"DIEGO","family":"APARICIO","sequence":"first","affiliation":[{"name":"Department of Economics, Massachusetts Institute of Technology, 77 Massachusetts Ave., Cambridge, MA 02139, United States"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"DANIEL","family":"FRAIMAN","sequence":"additional","affiliation":[{"name":"Departamento de Matem\u00e1tica y Ciencias, Universidad de San Andr\u00e9s, Vito Dumas 284, B1644BID, Victoria, Buenos Aires, Argentina"},{"name":"CONICET, Argentina"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"219","published-online":{"date-parts":[[2016,2,18]]},"reference":[{"key":"S0219525915500228BIB003","doi-asserted-by":"publisher","DOI":"10.1038\/nature09659"},{"key":"S0219525915500228BIB006","doi-asserted-by":"publisher","DOI":"10.1257\/jep.23.1.77"},{"key":"S0219525915500228BIB009","doi-asserted-by":"publisher","DOI":"10.1016\/j.jedc.2012.04.001"},{"key":"S0219525915500228BIB010","doi-asserted-by":"publisher","DOI":"10.1257\/jep.23.1.101"},{"key":"S0219525915500228BIB014","doi-asserted-by":"publisher","DOI":"10.1140\/epjb\/e2012-20740-0"},{"key":"S0219525915500228BIB016","doi-asserted-by":"publisher","DOI":"10.1016\/j.jedc.2007.01.014"},{"key":"S0219525915500228BIB017","doi-asserted-by":"publisher","DOI":"10.1016\/j.jebo.2004.07.018"},{"key":"S0219525915500228BIB018","doi-asserted-by":"publisher","DOI":"10.1086\/262072"},{"key":"S0219525915500228BIB019","doi-asserted-by":"publisher","DOI":"10.1023\/A:1008741113074"},{"key":"S0219525915500228BIB020","doi-asserted-by":"publisher","DOI":"10.1257\/0002828042002589"},{"key":"S0219525915500228BIB021","doi-asserted-by":"publisher","DOI":"10.1257\/jep.9.4.3"},{"key":"S0219525915500228BIB022","doi-asserted-by":"publisher","DOI":"10.2307\/2601095"},{"key":"S0219525915500228BIB023","first-page":"229","author":"Morris S.","year":"2008","journal-title":"BPEA"},{"key":"S0219525915500228BIB025","doi-asserted-by":"publisher","DOI":"10.1111\/0022-1082.00354"},{"key":"S0219525915500228BIB026","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2005.07.010"},{"key":"S0219525915500228BIB027","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2006.01.009"},{"key":"S0219525915500228BIB028","doi-asserted-by":"publisher","DOI":"10.2307\/2601102"},{"issue":"2","key":"S0219525915500228BIB030","doi-asserted-by":"crossref","first-page":"109","DOI":"10.1353\/eco.2003.0005","volume":"3","author":"Galiani S.","year":"2003","journal-title":"Econom\u00eda"},{"key":"S0219525915500228BIB038","doi-asserted-by":"publisher","DOI":"10.1371\/journal.pone.0023370"},{"key":"S0219525915500228BIB039","doi-asserted-by":"publisher","DOI":"10.1086\/250086"},{"key":"S0219525915500228BIB040","doi-asserted-by":"publisher","DOI":"10.5018\/economics-ejournal.ja.2013-32"},{"key":"S0219525915500228BIB041","doi-asserted-by":"publisher","DOI":"10.1257\/aer.98.2.246"},{"key":"S0219525915500228BIB042","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmoneco.2011.05.005"},{"key":"S0219525915500228BIB043","doi-asserted-by":"publisher","DOI":"10.1073\/pnas.1213767109"},{"key":"S0219525915500228BIB044","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfs.2010.12.001"}],"container-title":["Advances in Complex Systems"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0219525915500228","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,8,6]],"date-time":"2019-08-06T18:15:54Z","timestamp":1565115354000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0219525915500228"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2015,11]]},"references-count":25,"journal-issue":{"issue":"07n08","published-online":{"date-parts":[[2016,2,18]]},"published-print":{"date-parts":[[2015,11]]}},"alternative-id":["10.1142\/S0219525915500228"],"URL":"https:\/\/doi.org\/10.1142\/s0219525915500228","relation":{},"ISSN":["0219-5259","1793-6802"],"issn-type":[{"value":"0219-5259","type":"print"},{"value":"1793-6802","type":"electronic"}],"subject":[],"published":{"date-parts":[[2015,11]]}}}