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Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank >

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http://hdl.handle.net/10419/43884
  

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dc.contributor.authorCraig, Ben R.en_US
dc.contributor.authorvon Peter, Goetzen_US
dc.date.accessioned2011-01-14en_US
dc.date.accessioned2011-01-31T15:25:32Z-
dc.date.available2011-01-31T15:25:32Z-
dc.date.issued2010en_US
dc.identifier.isbn978-3-86558-661-2en_US
dc.identifier.urihttp://hdl.handle.net/10419/43884-
dc.description.abstractThis 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.isoengen_US
dc.publisherDeutsche Bundesbank Frankfurt am Mainen_US
dc.relation.ispartofseriesDiscussion Paper Series 2: Banking and Financial Studies 2010,12en_US
dc.subject.jelG21en_US
dc.subject.jelL14en_US
dc.subject.jelD85en_US
dc.subject.jelC63en_US
dc.subject.ddc330en_US
dc.subject.keywordinterbank marketsen_US
dc.subject.keywordintermediationen_US
dc.subject.keywordnetworksen_US
dc.subject.keywordtieringen_US
dc.subject.keywordcore and peripheryen_US
dc.subject.keywordmarket structureen_US
dc.subject.stwGeldmarkten_US
dc.subject.stwBanken_US
dc.subject.stwUnternehmensnetzwerken_US
dc.subject.stwKern-Peripherie-Beziehungen_US
dc.subject.stwFinanzintermediären_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleInterbank tiering and money center banksen_US
dc.typeWorking Paperen_US
dc.identifier.ppn643974458en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:bubdp2:201012-
Appears in Collections:Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank

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