Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/69523
Authors: 
Montagna, Mattia
Lux, Thomas
Year of Publication: 
2013
Series/Report no.: 
Kiel Working Paper 1826
Abstract: 
This paper uses a toy financial system to study systemic risk in scale-free interbank networks. Networks are produced according to a fitness algorithm, combined with a representation of the balance sheets of the banks. Our generating processes for interbank networks are designed in a way to reproduce the frequently documented features of disassortative behavior, power laws in the degree distributions and power laws in the distribution of bank sizes. The results show the presence of a particular shell structure affecting the spread of an endogenous shock.
Subjects: 
interbank market
contagion
networks
financial stability
JEL: 
G21
G01
E42
Document Type: 
Working Paper

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