(In)Efficient interbank networks

Research output: Contribution to journalArticleScientificpeer-review

Abstract

We thank Martin Brown, Sandro Brusco, Fabio Feriozzi, Jiro E. Kondo, Emanuela Sciubba, and Wolf Wagner for helpful comments. We are also grateful to seminar participants at Bank of England, Universidad Carlos III, Bank of Italy, 1st Swiss Conference on Banking and Financial Intermediation (Champery), Society for Economic Dynamics (Boston), European Finance Association (Athens), and Association for Public Economic Theory (Galway) annual meetings where an earlier version of this paper was presented. The usual disclaimer applies. Castiglionesi acknowledges financial support from the Marie Curie Intra European Fellowship and Navarro from the Spanish Ministry of Economics, grant ECO2014‐53767P.
Original languageEnglish
JournalJournal of Money, Credit and Banking
DOIs
Publication statusE-pub ahead of print - Oct 2019

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Finance
Italy
Bank of England
Athens
Financial intermediation
Public economics
Economics
Economic theory
Financial support
Banking
Economic dynamics

Keywords

  • interbank network
  • core-periphery
  • liquidity coinsurance
  • counterparty risk

Cite this

@article{5516bdeb34e24097ace23193b96b0db8,
title = "(In)Efficient interbank networks",
abstract = "We thank Martin Brown, Sandro Brusco, Fabio Feriozzi, Jiro E. Kondo, Emanuela Sciubba, and Wolf Wagner for helpful comments. We are also grateful to seminar participants at Bank of England, Universidad Carlos III, Bank of Italy, 1st Swiss Conference on Banking and Financial Intermediation (Champery), Society for Economic Dynamics (Boston), European Finance Association (Athens), and Association for Public Economic Theory (Galway) annual meetings where an earlier version of this paper was presented. The usual disclaimer applies. Castiglionesi acknowledges financial support from the Marie Curie Intra European Fellowship and Navarro from the Spanish Ministry of Economics, grant ECO2014‐53767P.",
keywords = "interbank network, core-periphery, liquidity coinsurance, counterparty risk",
author = "Fabio Castiglionesi and N. Navarro",
year = "2019",
month = "10",
doi = "10.1111/jmcb.12664",
language = "English",
journal = "Journal of Money, Credit and Banking",
issn = "0022-2879",
publisher = "Wiley-Blackwell",

}

(In)Efficient interbank networks. / Castiglionesi, Fabio; Navarro, N.

In: Journal of Money, Credit and Banking, 10.2019.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - (In)Efficient interbank networks

AU - Castiglionesi, Fabio

AU - Navarro, N.

PY - 2019/10

Y1 - 2019/10

N2 - We thank Martin Brown, Sandro Brusco, Fabio Feriozzi, Jiro E. Kondo, Emanuela Sciubba, and Wolf Wagner for helpful comments. We are also grateful to seminar participants at Bank of England, Universidad Carlos III, Bank of Italy, 1st Swiss Conference on Banking and Financial Intermediation (Champery), Society for Economic Dynamics (Boston), European Finance Association (Athens), and Association for Public Economic Theory (Galway) annual meetings where an earlier version of this paper was presented. The usual disclaimer applies. Castiglionesi acknowledges financial support from the Marie Curie Intra European Fellowship and Navarro from the Spanish Ministry of Economics, grant ECO2014‐53767P.

AB - We thank Martin Brown, Sandro Brusco, Fabio Feriozzi, Jiro E. Kondo, Emanuela Sciubba, and Wolf Wagner for helpful comments. We are also grateful to seminar participants at Bank of England, Universidad Carlos III, Bank of Italy, 1st Swiss Conference on Banking and Financial Intermediation (Champery), Society for Economic Dynamics (Boston), European Finance Association (Athens), and Association for Public Economic Theory (Galway) annual meetings where an earlier version of this paper was presented. The usual disclaimer applies. Castiglionesi acknowledges financial support from the Marie Curie Intra European Fellowship and Navarro from the Spanish Ministry of Economics, grant ECO2014‐53767P.

KW - interbank network

KW - core-periphery

KW - liquidity coinsurance

KW - counterparty risk

U2 - 10.1111/jmcb.12664

DO - 10.1111/jmcb.12664

M3 - Article

JO - Journal of Money, Credit and Banking

JF - Journal of Money, Credit and Banking

SN - 0022-2879

ER -