Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/60744
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Staff Report No. 354
Verlag: 
Federal Reserve Bank of New York, New York, NY
Zusammenfassung: 
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.
Schlagwörter: 
Federal funds
network
topology
interbank
money markets
JEL: 
E40
E58
E59
G10
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
3.15 MB





Publikationen in EconStor sind urheberrechtlich geschützt.