TY  - UNPD
A1  - Hüser, Anne-Caroline
T1  - Too interconnected to fail : a survey of the interbank networks literature
T2  - SAFE working paper series ; No. 91
N2  - 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.
T3  - SAFE working paper - 91 
KW  - interbank networks
KW  - systemic risk
KW  - contagion
KW  - banking
KW  - macro-prudential policy
Y1  - 2015
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/37186
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-371863
UR  - http://ssrn.com/abstract=2577241
N1  - First version: December 2014, This version: March 2015
IS  - This version: March 2015
PB  - SAFE
CY  - Frankfurt am Main
ER  -