Cover Page -- Title Page -- Copyright Page -- Contents -- List of Figures -- List of Tables -- Notes on Contributors -- Foreword -- Acknowledgements -- List of Abbreviations -- Introduction -- PART I: FINANCING THE THIRD SECTOR -- Overview of Part I: Financing the Third Sector -- Chapter 1 The...

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...