“…Positive BB: Prefer to borrow from well-connected banks, if less-connected themselves, and vice versa LB: Prefer to lend to well-connected banks, if less-connected themselves, and vice versa (Anand et al, 2015;Caccioli et al, 2012;Calimani et al, 2019;Diem et al, 2020;Fan et al, 2018;Gabrieli & Salakhova, 2019;Gaffeo et al, 2019;Lenzu & Tedeschi, 2012;Lin, 2018;Simaan et al, 2020;Walters et al, 2019;Yao et al, 2016) Negative Similar to the positive effect (Duffy et al, 2019;Gaffeo et al, 2019;Li et al, 2019;Nguyen, 2018;Rünstler, 2016;Simaan et al, 2020;Walters et al, 2019) Network: centrality Positive BB and LB: Become more central as they are larger; more tighten with important counterparts CB: Considers core banks more important in a systemic sense (Degryse & Nguyen, 2007;Ferrara et al, 2019;Ka...…”