Network risk and key players: A structural analysis of interbank liquidity
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DOI: 10.1016/j.jfineco.2021.05.010
Abstract: Abstract Using a structural model, we estimate the liquidity multiplier of an interbank network and banks’ contributions to systemic risk. To provide payment services, banks hold reserves. Their equilibrium holdings can be strategic complements or… read more here.
Keywords: interbank; network risk; liquidity; network ... See more keywords