Too-connected-to-fail institutions and payments system's stability: assessing challenges for financial authorities

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Borradores de Economía; No. 644
Date published
2011-03-13
Date of last update
2011-03-13
Author
León-Rincón, Carlos Eduardo
Machado-Franco, Clara Lía
Cepeda-López, Freddy Hernán
Sarmiento, Miguel
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
The most recent episode of market turmoil exposed the limitations resulting from the traditional focus on too-big-to-fail institutions within an increasingly systemic-crisis-prone financial system, and encouraged the appearance of the too-connected-to-fai
JEL Codes
E58 - Central Banks and Their PoliciesE44 - Financial Markets and the MacroeconomyC63 - Computational Techniques; Simulation ModelingG21 - Banks; Depository Institutions; Micro Finance Institutions; MortgagesD85 - Network Formation and Analysis: Theory
Keywords
Payments systems ; Too-connected-to-fail ; Too-big-to-fail ; Systemic risk ; Network topology ; Simulation ; Central bank liquidity ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5661
https://hdl.handle.net/20.500.12134/5661
https://doi.org/10.32468/be.644
https://ideas.repec.org/p/bdr/borrec/644.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit