A network analysis of the Italian overnight money market

The objective of this paper is to analyse the network topology of the Italian segment of the European overnight money market through methods of statistical mechanics applied to complex networks. We investigate differences in the activities of banks of different sizes and the evolution of their conne...

Full description

Saved in:
Bibliographic Details
Published in:Journal of economic dynamics & control 2008, Vol.32 (1), p.259-278
Main Authors: Iori, Giulia, De Masi, Giulia, Precup, Ovidiu Vasile, Gabbi, Giampaolo, Caldarelli, Guido
Format: Article
Language:English
Subjects:
Banking
Banks
Economic stability
Efficiency
Financial stability
Interbank market
Italy
Money market
Money markets
Network analysis
Network topologies
Random networks
Studies
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The objective of this paper is to analyse the network topology of the Italian segment of the European overnight money market through methods of statistical mechanics applied to complex networks. We investigate differences in the activities of banks of different sizes and the evolution of their connectivity structure over the maintenance period. The main purpose of the analysis is to establish the potential implications of the current institutional arrangements on the stability of the banking system and to assess the efficiency of the interbank market in terms of absence of speculative and preferential trading relationships.
ISSN:0165-1889
1879-1743
DOI:10.1016/j.jedc.2007.01.032