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Interbank tiering and money center banks

Craig, Ben R.; von Peter, Goetz - Deutsche Bundesbank - 2010

This paper provides evidence that interbank markets are tiered rather than flat, in the sense that most banks do not lend to each other directly but through money center banks acting as intermediaries. We capture the concept of tiering by developing a core-periphery model, and devise a procedure...

Persistent link: https://www.econbiz.de/10008833259

Filling in the blanks: Network structure and interbank contagion

Anand, Kartik; Craig, Ben; von Peter, Goetz - Deutsche Bundesbank - 2014

The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...

Persistent link: https://www.econbiz.de/10010957084

Filling in the Blanks: Network Structure and Interbank Contagion

Anand, Kartik; Craig, Ben - Federal Reserve Bank of Cleveland - 2014

The network pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unobserved, and maximum entropy serves as the leading method for estimating counterparty exposures. This paper proposes an efficient alternative that combines...

Persistent link: https://www.econbiz.de/10011114914

Mapping the UK interbank system

Langfield, Sam; Liu, Zijun; Ota, Tomohiro - In: Journal of Banking & Finance 45 (2014) C, pp. 288-303

We present new evidence on the structure of interbank connections across key markets: derivatives, marketable securities, repo, unsecured lending and secured lending. Taken together, these markets comprise two networks: a network of interbank exposures and a network of interbank funding. Network...

Persistent link: https://www.econbiz.de/10010943188

Two-Sided Markets and Electronic Intermediaries

Jullien, Bruno - CESifo - 2004

The object of this paper is to discuss on-line intermediation from the perspective of two-sided markets. It builds a … simple model of the intermediation activity when trading partners are involved in a commercial relationship and uses it to … part concentrates on a monopoly intermediation service and discusses both efficient pricing and monopoly pricing. The …

Persistent link: https://www.econbiz.de/10005181364

Mapping the UK interbank system

Langfield, Sam; Liu, Zijun; Ota, Tomohiro - Bank of England - 2014

We present new evidence on the structure of interbank connections in key markets: derivatives, marketable securities, repo, unsecured lending and secured lending. Taken together, these markets comprise two networks: a network of interbank exposures and a network of interbank funding. Network...

Persistent link: https://www.econbiz.de/10011085087

Contagion risk in the Czech financial system: A network analysis and simulation approach

Hausenblas, Václav; Kubicová, Ivana; Lešanovská, Jitka - In: Economic Systems 39 (2015) 1, pp. 156-180

This paper examines the potential for contagion within the Czech banking system via the channel of interbank exposures of domestic banks, enriched by a liquidity channel and an asset price channel, over the period March 2007 to June 2012. A computational model is used to assess the resilience of...

Persistent link: https://www.econbiz.de/10011263206

Bank Networks: Contagion, Systemic Risk and Prudential Policy

Aldasoro, Iñaki; Delli Gatti, Domenico; Faia, Ester - C.E.P.R. Discussion Papers - 2015

We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest in non-liquid assets. Market clearing takes place through a tâtonnement process which yields the equilibrium price, while traded quantities are determined by means of a...

Persistent link: https://www.econbiz.de/10011252622

Firm-Network Characteristics and Economic Robustness to Natural Disasters

Henriet, F.; Hallegatte, S.; Tabourier, L. - Banque de France - 2011

This article proposes a theoretical framework to investigate economic robustness to exogenous shocks such as natural disasters. It is based on a dynamic model that represents a regional economy as a network of production units through the disaggregation of sectorscale Input-Output tables....

Persistent link: https://www.econbiz.de/10009386427

Emergence of Innovation Networks from R&D Cooperation with Endogenous Absorptive Capacity

Savin, Ivan; Egbetokun, Abiodun - Centre Emile Bernheim, Solvay Brussels School of … - 2013

This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with endogenous absorptive capacity. The networks emerge as a result of bilateral cooperation over time between firms occupying different locations in the knowledge space. Social...

Persistent link: https://www.econbiz.de/10010659985

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