Identifying central bank liquidity super-spreaders in interbank funds networks

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Borradores de Economía; No. 816
Date published
2014-04-28
Date of last update
2014-04-28
Author
León-Rincón, Carlos Eduardo
Machado-Franco, Clara Lía
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
Evidence suggests that the Colombian interbank funds market is an inhomogeneous and hierarchical network in which a few financial institutions fulfill the role of "super-spreaders" of central bank liquidity among market participants. Results concur with e
JEL Codes
G2 - Financial Institutions and ServicesL14 - Transactional Relationships; Contracts and Reputation; NetworksE5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
Keywords
Interbank ; Monetary policy ; Contagion ; Networks ; Super-spreader ; Central bank ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6103
https://hdl.handle.net/20.500.12134/6103
https://doi.org/10.32468/be.816
https://ideas.repec.org/p/bdr/borrec/816.html
https://ideas.repec.org/p/col/000094/011187.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