The Network of Large-Value Loans in the U.S.: Concentration and Segregation

Anton Badev

No 787, 2016 Meeting Papers from Society for Economic Dynamics

Abstract: We analyse the universe of large-value loans intermediated through Fedwire---the primary U.S. real-time, gross settlement service provided by the Federal Reserve System---for the period from 2007 to 2015. We document a series of fundamental changes in the topology of bilateral loan network and propose theoretical framework to study the evolution of concentration of large-value loan intermediaries which builds on the literature on homophily in social science.

Date: 2016
New Economics Papers: this item is included in nep-sog
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed016:787

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