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connections 3merges from idiosyncratic liquidity shocks. Banks initially choose potential trading partners randomly, but form … banks mediating between the liquidity needs of many smaller banks. Statistical analysis shows that this evolving interbank …
Persistent link: https://www.econbiz.de/10010905569
connections 3merges from idiosyncratic liquidity shocks. Banks initially choose potential trading partners randomly, but form … banks mediating between the liquidity needs of many smaller banks. Statistical analysis shows that this evolving interbank …
Persistent link: https://www.econbiz.de/10010958905
connections emerges from idiosyncratic liquidity shocks. Banks initially choose potential trading partners randomly, but over time … money center banks mediating between the liquidity needs of many smaller banks. Statistical analysis shows that this …
Persistent link: https://www.econbiz.de/10011209214
Banks have become increasingly interconnected via interbank credit and other forms of liabilities. As a consequence of the increased interconnectedness, the failure of one node in the interbank network might constitute a threat to the survival of large parts of the entire system. How important...
Persistent link: https://www.econbiz.de/10010905564
Banks have become increasingly interconnected via interbank credit and other forms of liabilities. As a consequence of the increased interconnectedness, the failure of one node in the interbank network might constitute a threat to the survival of large parts of the entire system. How important...
Persistent link: https://www.econbiz.de/10010958904
-the-counter markets for liquidity in Germany: the interbank market for credit and for derivatives. We use end-of-quarter data from the …
Persistent link: https://www.econbiz.de/10010957124
-the-counter markets for liquidity in Germany: the interbank market for credit and for derivatives. We use end-of-quarter data from the …
Persistent link: https://www.econbiz.de/10010929137
Network formation is often said to be driven by social capital considerations. A typical pattern observed in the empirical data on strategic alliances is that of small world networks: dense subgroups of firms interconnected by (few) clique-spanning ties. The typical argument is that there is...
Persistent link: https://www.econbiz.de/10010856455
This discussion paper resulted in a publication in the 'Review of Network Economics' (forthcoming).<P> Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has...</p>
Persistent link: https://www.econbiz.de/10011256629
In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet liquidity demand. We use quarterly data of bilateral interbank credit exposure among all German banks from 2000 … liquidity, since they had variable rate tenders with a “pay-your-bid” price. Controlling for bank characteristics and the daily …
Persistent link: https://www.econbiz.de/10011209839