|
EconStor >
Federal Reserve Bank of New York >
Staff Reports, Federal Reserve Bank of New York >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/60744
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Bech, Morten L. | | en_US |
| dc.contributor.author | | Atalay, Enghin | | en_US |
| dc.date.accessioned | | 2010-04-30 | | en_US |
| dc.date.accessioned | | 2012-08-17T14:32:15Z | | - |
| dc.date.available | | 2012-08-17T14:32:15Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/60744 | | - |
| dc.description.abstract | | The recent turmoil in global financial markets underscores the importance of the federal funds market as a means of distributing liquidity throughout the financial system and a tool for implementing monetary policy. In this paper, we explore the network topology of the federal funds market. We find that the network is sparse, exhibits the small-world phenomenon, and is disassortative. In addition, reciprocity loans track the federal funds rate, and centrality measures are useful predictors of the interest rate of a loan. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Federal Reserve Bank of New York New York, NY | | en_US |
| dc.relation.ispartofseries | | Staff Report, Federal Reserve Bank of New York 354 | | en_US |
| dc.subject.jel | | E40 | | en_US |
| dc.subject.jel | | E58 | | en_US |
| dc.subject.jel | | E59 | | en_US |
| dc.subject.jel | | G10 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Federal funds | | en_US |
| dc.subject.keyword | | network | | en_US |
| dc.subject.keyword | | topology | | en_US |
| dc.subject.keyword | | interbank | | en_US |
| dc.subject.keyword | | money markets | | en_US |
| dc.title | | The topology of the federal funds market | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 587564873 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Staff Reports, Federal Reserve Bank of New York
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|