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

2011-03-13

Authors

León-Rincón, Carlos Eduardo
Machado-Franco, Clara Lía
Cepeda-López, Freddy Hernán
Sarmiento, Miguel

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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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

Description

JEL Codes

E58 - Central Banks and Their Policies
E44 - Financial Markets and the Macroeconomy
C63 - Computational Techniques; Simulation Modeling
G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
D85 - Network Formation and Analysis: Theory

Temática

Keywords

Keywords

Payments systems , Too-connected-to-fail , Too-big-to-fail , Systemic risk , Network topology , Simulation , Central bank liquidity

Citation

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https://repositorio.banrep.gov.co/handle/20.500.12134/5661
 https://hdl.handle.net/20.500.12134/5661
 https://ideas.repec.org/p/bdr/borrec/644.html
 https://doi.org/10.32468/be.644

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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