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Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/43884
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Craig, Ben R. | | en_US |
| dc.contributor.author | | von Peter, Goetz | | en_US |
| dc.date.accessioned | | 2011-01-14 | | en_US |
| dc.date.accessioned | | 2011-01-31T15:25:32Z | | - |
| dc.date.available | | 2011-01-31T15:25:32Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.isbn | | 978-3-86558-661-2 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/43884 | | - |
| dc.description.abstract | | 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 for fitting the model to real-world networks. Using Bundesbank data on bilateral interbank exposures among 1800 banks, we find strong evidence of tiering in the German banking system. Moreover, bankspecific features, such as balance sheet size, predict how banks position themselves in the interbank market. This link provides a promising avenue for understanding the formation of financial networks. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Deutsche Bundesbank Frankfurt am Main | | en_US |
| dc.relation.ispartofseries | | Discussion Paper Series 2: Banking and Financial Studies 2010,12 | | en_US |
| dc.subject.jel | | G21 | | en_US |
| dc.subject.jel | | L14 | | en_US |
| dc.subject.jel | | D85 | | en_US |
| dc.subject.jel | | C63 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | interbank markets | | en_US |
| dc.subject.keyword | | intermediation | | en_US |
| dc.subject.keyword | | networks | | en_US |
| dc.subject.keyword | | tiering | | en_US |
| dc.subject.keyword | | core and periphery | | en_US |
| dc.subject.keyword | | market structure | | en_US |
| dc.subject.stw | | Geldmarkt | | en_US |
| dc.subject.stw | | Bank | | en_US |
| dc.subject.stw | | Unternehmensnetzwerk | | en_US |
| dc.subject.stw | | Kern-Peripherie-Beziehung | | en_US |
| dc.subject.stw | | Finanzintermediär | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Interbank tiering and money center banks | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 643974458 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:bubdp2:201012 | | - |
| Appears in Collections: | | Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank
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