Bank–firms topology in Italy |
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Authors: | G De Masi M Gallegati |
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Institution: | 1. Department of Economics, Polytechnic University of Marche, Piazzale Martelli 8, 60121, Ancona, Italy
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Abstract: | An empirical analysis of the Italian system of banks and firms is carried out using the network theory. The emerging architecture of this economic network shows peculiar behaviors: (i) Multiple lending is very widespread; (ii) Small firms are preferentially financed by small banks; (iii) Large firms are financed by many banks; (iv) the ratio between loans and deposits is much higher for large banks than for small banks, while (v) strong size heterogeneity appears among co-financing banks, and (vi) the spanning-tree is very hierarchical. |
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