Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102297
Authors: 
Roukny, Tarik
Georg, Co-Pierre
Battiston, Stefano
Year of Publication: 
2014
Series/Report no.: 
Discussion Paper, Deutsche Bundesbank 22/2014
Abstract: 
In this paper, we report a descriptive investigation of the structural evolution of two of the most important over-the-counter markets for liquidity in Germany: the interbank market for credit and for derivatives. We use end-of-quarter data from the German large credit register between 2002 and 2012 and characterize the underlying networks. Surprisingly, the data show little or no impact of the 2008 crisis on the structure of credit market. The derivative market however exhibits a peak of concentration in the run up to the crisis. Globally, both markets exhibit high stability for most of the networks metrics and high correlation amongst them.
Subjects: 
financial networks
interbank market
credit default swaps
liquidity
JEL: 
G2
G21
D85
ISBN: 
978-3-95729-057-1
Document Type: 
Working Paper

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