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dc.creatorHüser, Anne-Caroline
dc.date.accessioned2021-09-28T09:23:17Z
dc.date.available2021-09-28T09:23:17Z
dc.date.issued2015-10-01
dc.identifier.urihttps://fif.hebis.de/xmlui/handle/123456789/2192
dc.description.abstractThe banking system is highly interconnected and these connections can be conveniently represented as an interbank network. This survey presents a systematic overview of the recent advances in the theoretical literature on interbank networks and assesses our current understanding of the structure of interbank networks, of how network characteristics affect contagion in the banking system and of how banks form connections when faced with the possibility of contagion and systemic risk. In particular, I highlight how the theoretical literature on interbank networks offers a coherent way of studying interconnections, contagion processes and systemic risk, while emphasizing at the same time the challenges that must be addressed before general results on the link between the structure of the interbank network and financial stability can be established. The survey concludes with a discussion of the policy relevance of interbank network models with a special focus on macro-prudential policies and monetary policy.
dc.rightsAttribution-ShareAlike 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-sa/4.0/
dc.subjectMacro Finance
dc.titleToo Interconnected to Fail: A Survey of the Interbank Networks Literature
dc.typeWorking Paper
dc.source.filename91_SSRN-id2577241
dc.identifier.safeno91
dc.subject.keywordsinterbank networks
dc.subject.keywordssystemic risk
dc.subject.keywordscontagion
dc.subject.keywordsbanking
dc.subject.keywordsmacro-prudential policy
dc.subject.jelG21
dc.subject.jelE44
dc.subject.jelD85
dc.subject.jelG18
dc.subject.jelG01
dc.subject.topic1retirement
dc.subject.topic1require
dc.subject.topic1market
dc.subject.topic2heterogeneous
dc.subject.topic2facilitate
dc.subject.topic2detail
dc.subject.topic3theoretical
dc.subject.topic3study
dc.subject.topic3preferential
dc.subject.topic1nameMonetary Policy
dc.subject.topic2nameCorporate Governance
dc.subject.topic3nameSystematic Risk
dc.identifier.doi10.2139/ssrn.2577241


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Attribution-ShareAlike 4.0 International
Except where otherwise noted, this item's license is described as Attribution-ShareAlike 4.0 International