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dc.contributor.authorCraig, Ben R.en
dc.contributor.authorvon Peter, Goetzen
dc.date.accessioned2011-01-14-
dc.date.accessioned2011-01-31T15:25:32Z-
dc.date.available2011-01-31T15:25:32Z-
dc.date.issued2010-
dc.identifier.isbn978-3-86558-661-2en
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 2 |x2010,12en
dc.subject.jelG21en
dc.subject.jelL14en
dc.subject.jelD85en
dc.subject.jelC63en
dc.subject.ddc330en
dc.subject.keywordinterbank marketsen
dc.subject.keywordintermediationen
dc.subject.keywordnetworksen
dc.subject.keywordtieringen
dc.subject.keywordcore and peripheryen
dc.subject.keywordmarket structureen
dc.subject.stwGeldmarkten
dc.subject.stwBanken
dc.subject.stwUnternehmensnetzwerken
dc.subject.stwKern-Peripherie-Beziehungen
dc.subject.stwFinanzintermediären
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleInterbank tiering and money center banks-
dc.typeWorking Paperen
dc.identifier.ppn643974458en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp2:201012en

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