when either interbank credit exposures or bank runs are present. This paper shows that this phenomenon can also arise when … individual liquidity risk trans- forms into system-wide market risk (even in the absence of bank runs and interbank credit …

economies during the 2000's. The risk taking channel of monetary policy transmission is a recent theory that explains the …

developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing …. This work explores the way banks in Colombia manage their balance sheet and sheds light into the dynamics of credit and …

Evidence suggests that the Colombian interbank funds market is an inhomogeneous and hierarchical network in which a few …

We study the network of Colombian sovereign securities settlements. With data from the settlement market infrastructure … combine into a multi-layer network. Examining this network of networks enables us to confirm that (i) studying isolated single ….g. sparse, inhomogeneous, and clustered); and (iii) the multi-layer network is a multiplex that preserves the main connective …

An interacting network coupling financial institutions’ multiplex (i.e. multi-layer) and financial market … because the network then fails to isolate feedbacks and limit cascades while it retains its robust-yet-fragile features …

Banks and other credit institutions are key players in the transmission of monetary policy, especially in emerging …