Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/60744 
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dc.contributor.authorBech, Morten L.en
dc.contributor.authorAtalay, Enghinen
dc.date.accessioned2010-04-30-
dc.date.accessioned2012-08-17T14:32:15Z-
dc.date.available2012-08-17T14:32:15Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/60744-
dc.description.abstractThe 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
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen
dc.relation.ispartofseries|aStaff Report |x354en
dc.subject.jelE40en
dc.subject.jelE58en
dc.subject.jelE59en
dc.subject.jelG10en
dc.subject.ddc330en
dc.subject.keywordFederal fundsen
dc.subject.keywordnetworken
dc.subject.keywordtopologyen
dc.subject.keywordinterbanken
dc.subject.keywordmoney marketsen
dc.titleThe topology of the federal funds market-
dc.typeWorking Paperen
dc.identifier.ppn587564873en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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