Mapping the UK interbank system

Sam Langfield, Zijun Liu and Tomohiro Ota ()
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Tomohiro Ota: Bank of England, Postal: Publications Group Bank of England Threadneedle Street London EC2R 8AH

No 516, Bank of England working papers from Bank of England

Abstract: We present new evidence on the structure of interbank connections in key markets: derivatives, marketable securities, repo, unsecured lending and secured lending. Taken together, these markets comprise two networks: a network of interbank exposures and a network of interbank funding. Network structure varies across and within these two networks, for reasons related to markets’ different economic functions. Credit risk and liquidity risk therefore propagate in the interbank system through different network structures, with implications for financial stability.

Keywords: Interbank markets; core-periphery; intermediation; financial networks; market microstructure (search for similar items in EconPapers)
JEL-codes: D85 G21 L14 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2014-11-28
New Economics Papers: this item is included in nep-net
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Citations: View citations in EconPapers (114)

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Journal Article: Mapping the UK interbank system (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:boe:boeewp:0516

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