Too interconnected to fail : a survey of the interbank networks literature
- The banking system is highly interconnected and these connections can be conveniently represented as an interbank network. This survey presents a systematic overview of the recent advances in the theoretical literature on interbank networks. We assess our current understanding of the structure of interbank networks, of how network characteristics affect contagion in the banking system and of how banks form connections when faced with the possibility of contagion and systemic risk. In particular, we highlight how the theoretical literature on interbank networks offers a coherent way of studying interconnections, contagion processes and systemic risk, while emphasizing at the same time the challenges that must be addressed before general results on the link between the structure of the interbank network and financial stability can be established. The survey concludes with a discussion of the policy relevance of interbank network models with a special focus on macroprudential policies and monetary policy.
Verfasserangaben: | Anne-Caroline Hüser |
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URN: | urn:nbn:de:hebis:30:3-371863 |
URL: | http://ssrn.com/abstract=2577241 |
DOI: | https://doi.org/10.2139/ssrn.2577241 |
Titel des übergeordneten Werkes (Englisch): | SAFE working paper series ; No. 91 |
Schriftenreihe (Bandnummer): | SAFE working paper (91) |
Verlag: | SAFE |
Verlagsort: | Frankfurt am Main |
Dokumentart: | Arbeitspapier |
Sprache: | Englisch |
Jahr der Fertigstellung: | 2015 |
Jahr der Erstveröffentlichung: | 2015 |
Veröffentlichende Institution: | Universitätsbibliothek Johann Christian Senckenberg |
Datum der Freischaltung: | 31.03.2015 |
Freies Schlagwort / Tag: | banking; contagion; interbank networks; macro-prudential policy; systemic risk |
Ausgabe / Heft: | This version: March 2015 |
Seitenzahl: | 48 |
Bemerkung: | First version: December 2014, This version: March 2015 |
HeBIS-PPN: | 358959489 |
Institute: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF) | |
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
DDC-Klassifikation: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
Sammlungen: | Universitätspublikationen |
Lizenz (Deutsch): | Deutsches Urheberrecht |