Which bank is the \\"central\\" bank? an application of Markov theory to the Canadian Large Value Transfer System
Author
Abstract
Suggested Citation
Note: For a published version of this report, see Morten L. Bech, James T. E. Chapman, and Rod Garratt, "Which Bank Is the 'Central' Bank?" Journal of Monetary Economics 57, no. 3 (April 2010): 352-63.
Download full text from publisher
References listed on IDEAS
- Michael Boss & Helmut Elsinger & Martin Summer & Stefan Thurner, 2004. "An Empirical Analysis of the Network Structure of the Austrian Interbank Market," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 7, pages 77-87.
- Morten L. Bech & Rodney J. Garratt, 2012.
"Illiquidity in the Interbank Payment System Following Wide‐Scale Disruptions,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(5), pages 903-929, August.
- Morten L. Bech & Rodney J. Garratt, 2012. "Illiquidity in the Interbank Payment System Following Wide-Scale Disruptions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(5), pages 903-929, August.
- Morten L. Bech & Rod Garratt, 2006. "Illiquidity in the interbank payment system following wide-scale disruptions," Staff Reports 239, Federal Reserve Bank of New York.
- Leo Katz, 1953. "A new status index derived from sociometric analysis," Psychometrika, Springer;The Psychometric Society, vol. 18(1), pages 39-43, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Sean O'Connor & James Chapman & Kirby Millar, 2008. "Liquidity Efficiency and Distribution in the LVTS: Non-Neutrality of System Changes under Network Asymmetry," Discussion Papers 08-11, Bank of Canada.
- Monica Billio & Mila Getmansky & Andrew W. Lo & Loriana Pelizzon, 2010. "Econometric Measures of Systemic Risk in the Finance and Insurance Sectors," NBER Working Papers 16223, National Bureau of Economic Research, Inc.
- B. Craig & D. Salakhova & M. Saldias, 2018. "Payments delay: propagation and punishment," Working papers 671, Banque de France.
- Mr. Jorge A Chan-Lau, 2010. "Balance Sheet Network Analysis of Too-Connected-to-Fail Risk in Global and Domestic Banking Systems," IMF Working Papers 2010/107, International Monetary Fund.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bech, Morten L. & Chapman, James T.E. & Garratt, Rodney J., 2010. "Which bank is the "central" bank?," Journal of Monetary Economics, Elsevier, vol. 57(3), pages 352-363, April.
- Clara Machado & Carlos León & Miguel Sarmiento & Freddy Cepeda & Orlando Chipatecua & Jorge Cely, 2011.
"Riesgo Sistémico Y Estabilidad Del Sistema De Pagos De Alto Valor En Colombia: Análisis Bajo,"
Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 29(65), pages 106-175, June.
- Clara Machado & Carlos León & Miguel Sarmiento & Freddy Cepeda & Orlando Chipatecua & Jorge Cely, 2011. "Riesgo Sistémico Y Estabilidad Del Sistema De Pagos De Alto Valor En Colombia: Análisis Bajo Topología De Redes Y Simulación De Pagos," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 29(65), pages 106-175, June.
- Clara Lia Machado & Carlos León & Miguel Sarmiento & Orlando Chipatecua, 2010. "Riesgo Sistémico y Estabilidad del Sistema de Pagos de Alto Valor en Colombia: Análisis bajo Topología de Redes y Simulación de Pagos," Borradores de Economia 7669, Banco de la Republica.
- Clara Lía Machado & Carlos León & Miguel Sarmiento & Freddy Cepeda & Orlando Chipatecua & Jorge cely, 2010. "Riesgo Sistémico y Estabilidad del Sistema de Pagos de Alto Valor en Colombia: Análisis bajo Topología de Redes y Simulación de Pagos," Borradores de Economia 627, Banco de la Republica de Colombia.
- Paolo Bartesaghi & Michele Benzi & Gian Paolo Clemente & Rosanna Grassi & Ernesto Estrada, 2019. "Risk-dependent centrality in economic and financial networks," Papers 1907.07908, arXiv.org, revised Apr 2020.
- Galbiati, Marco & Soramäki, Kimmo, 2011.
"An agent-based model of payment systems,"
Journal of Economic Dynamics and Control, Elsevier, vol. 35(6), pages 859-875, June.
- Galbiati, Marco & Soramaki, Kimmo, 2008. "An agent-based model of payment systems," Bank of England working papers 352, Bank of England.
- Alesia Kalbaska & Cesario Mateus, 2019. "From sovereigns to banks: evidence on cross-border contagion," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(1), pages 86-103, March.
- Liu, Xiaodong & Patacchini, Eleonora & Zenou, Yves & Lee, Lung-Fei, 2011.
"Criminal Networks: Who is the Key Player?,"
Research Papers in Economics
2011:7, Stockholm University, Department of Economics.
- Xiaodong Liu & Eleonora Patacchini & Yves Zenou & Lung-Fei Lee, 2012. "Criminal Networks: Who is the Key Player?," Working Papers 2012.39, Fondazione Eni Enrico Mattei.
- Liu, Xiaodong & Patacchini, Eleonora & Zenou, Yves & Lee, Lung-Fei, 2012. "Criminal Networks: Who is the Key Player?," Climate Change and Sustainable Development 128707, Fondazione Eni Enrico Mattei (FEEM).
- Zenou, Yves & , & Patacchini, Eleonora & Liu, Xiaodong, 2012. "Criminal Networks: Who is the Key Player?," CEPR Discussion Papers 8772, C.E.P.R. Discussion Papers.
- Zenou, Yves & , & Patacchini, Eleonora & Liu, Xiaodong, 2011. "Criminal Networks: Who is the Key Player?," CEPR Discussion Papers 8185, C.E.P.R. Discussion Papers.
- Aref Mahdavi Ardekani, 2020.
"Liquidity, Interbank Network Topology and Bank Capital,"
Post-Print
halshs-02967226, HAL.
- Aref Mahdavi Ardekani, 2020. "Liquidity, Interbank Network Topology and Bank Capital," Documents de travail du Centre d'Economie de la Sorbonne 20022, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Aref Mahdavi Ardekani, 2020. "Liquidity, Interbank Network Topology and Bank Capital," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02967226, HAL.
- Aref Mahdavi Ardekani, 2020. "Liquidity, Interbank Network Topology and Bank Capital," Documents de travail du Centre d'Economie de la Sorbonne 20022r, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne, revised Dec 2020.
- Gabrielle Demange, 2018.
"Contagion in Financial Networks: A Threat Index,"
Management Science, INFORMS, vol. 64(2), pages 955-970, February.
- Demange, Gabrielle, 2012. "Contagion in financial networks: A threat index," CEPR Discussion Papers 8793, C.E.P.R. Discussion Papers.
- Gabrielle Demange, 2018. "Contagion in Financial Networks: A Threat Index," PSE-Ecole d'économie de Paris (Postprint) halshs-01630616, HAL.
- Gabrielle Demange, 2018. "Contagion in Financial Networks: A Threat Index," Post-Print halshs-01630616, HAL.
- Gabrielle Demange, 2016. "Contagion in financial networks: a threat index," Working Papers halshs-00662513, HAL.
- Gabrielle Demange, 2016. "Contagion in financial networks: a threat index," PSE Working Papers halshs-00662513, HAL.
- Gabrielle Demange, 2015. "Contagion in Financial Networks: A Threat Index," CESifo Working Paper Series 5307, CESifo.
- Lin, Dan & Wu, Jiajing & Xuan, Qi & Tse, Chi K., 2022. "Ethereum transaction tracking: Inferring evolution of transaction networks via link prediction," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 600(C).
- Zhepeng Li & Xiao Fang & Xue Bai & Olivia R. Liu Sheng, 2017. "Utility-Based Link Recommendation for Online Social Networks," Management Science, INFORMS, vol. 63(6), pages 1938-1952, June.
- Dequiedt, Vianney & Zenou, Yves, 2017.
"Local and consistent centrality measures in parameterized networks,"
Mathematical Social Sciences, Elsevier, vol. 88(C), pages 28-36.
- Vianney Dequiedt & Yves Zenou, 2017. "Local and consistent centrality measures in parameterized networks," Post-Print halshs-01528908, HAL.
- Luca Colombo & Paola Labrecciosa & Agnieszka Rusinowska, 2025. "A dynamic analysis of criminal networks," Post-Print hal-04850675, HAL.
- ,, 2014.
"A ranking method based on handicaps,"
Theoretical Economics, Econometric Society, vol. 9(3), September.
- Gabrielle Demange, 2013. "A ranking method based on handicaps," PSE Working Papers halshs-00687180, HAL.
- Gabrielle Demange, 2014. "A ranking method based on handicaps," PSE-Ecole d'économie de Paris (Postprint) halshs-01109087, HAL.
- Gabrielle Demange, 2013. "A ranking method based on handicaps," Working Papers halshs-00687180, HAL.
- Gabrielle Demange, 2014. "A Ranking Method Based on Handicaps," CESifo Working Paper Series 4636, CESifo.
- Gabrielle Demange, 2014. "A ranking method based on handicaps," Post-Print halshs-01109087, HAL.
- Ernest Liu & Aleh Tsyvinski, 2021. "Dynamical Structure and Spectral Properties of Input-Output Networks," Working Papers 2021-13, Princeton University. Economics Department..
- Bouveret, Géraldine & Mandel, Antoine, 2021.
"Social interactions and the prophylaxis of SI epidemics on networks,"
Journal of Mathematical Economics, Elsevier, vol. 93(C).
- Géraldine Bouveret & Antoine Mandel, 2021. "Social interactions and the prophylaxis of SI epidemics on networks," Post-Print halshs-03165772, HAL.
- Géraldine Bouveret & Antoine Mandel, 2021. "Social interactions and the prophylaxis of SI epidemics on networks," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03165772, HAL.
- Géraldine Bouveret & Antoine Mandel, 2021. "Social interactions and the prophylaxis of SI epidemics on networks," PSE-Ecole d'économie de Paris (Postprint) halshs-03165772, HAL.
- Noah E. Friedkin & Karen S. Cook, 1990. "Peer Group Influence," Sociological Methods & Research, , vol. 19(1), pages 122-143, August.
- Verdier, Thierry & Zenou, Yves, 2017.
"The role of social networks in cultural assimilation,"
Journal of Urban Economics, Elsevier, vol. 97(C), pages 15-39.
- Verdier, Thierry & Zenou, Yves, 2015. "The Role of Social Networks in Cultural Assimilation," IZA Discussion Papers 9341, Institute of Labor Economics (IZA).
- Thierry Verdier & Yves Zenou, 2017. "The role of social networks in cultural assimilation," PSE-Ecole d'économie de Paris (Postprint) halshs-01509757, HAL.
- Thierry Verdier & Yves Zenou, 2017. "The role of social networks in cultural assimilation," Post-Print halshs-01509757, HAL.
- Elosegui, Pedro & Forte, Federico D. & Montes-Rojas, Gabriel, 2022.
"Network structure and fragmentation of the Argentinean interbank markets,"
Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(3).
- Pedro Elosegui & Federico Forte & Gabriel Montes-Rojas, 2021. "Network Structure and Fragmentation of the Argentinean Interbank Markets," BCRA Working Paper Series 202196, Central Bank of Argentina, Economic Research Department.
- Federico Forte & Pedro Elosegui & Gabriel Montes-Rojas, 2022. "Network structure and fragmentation of the Argentinean interbank markets," Papers 2203.14488, arXiv.org.
- Pedro Elosegui & Federico Forte & Gabriel Montes-Rojas, 2022. "Network Structure and Fragmentation of the Argentinean Interbank Markets," Working Papers 129, Red Nacional de Investigadores en Economía (RedNIE).
- Nier, Erlend & Yang, Jing & Yorulmazer, Tanju & Alentorn, Amadeo, 2007.
"Network models and financial stability,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(6), pages 2033-2060, June.
- Nier, Erlend & Yang, Jing & Yorulmazer, Tanju & Alentorn, Amadeo, 2008. "Network models and financial stability," Bank of England working papers 346, Bank of England.
- Karpf, Andreas & Mandel, Antoine & Battiston, Stefano, 2018.
"Price and network dynamics in the European carbon market,"
Journal of Economic Behavior & Organization, Elsevier, vol. 153(C), pages 103-122.
- Andreas Karpf & Antoine Mandel & Stefano Battiston, 2017. "Price and Network Dynamics in the European Carbon Market," Documents de travail du Centre d'Economie de la Sorbonne 17010, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Andreas Karpf & Antoine Mandel & Stefano Battiston, 2018. "Price and network dynamics in the European carbon market," Post-Print halshs-01905985, HAL.
- Andreas Karpf & Antoine Mandel & Stefano Battiston, 2018. "Price and network dynamics in the European carbon market," PSE-Ecole d'économie de Paris (Postprint) halshs-01905985, HAL.
- Andreas Karpf & Antoine Mandel & Stefano Battiston, 2018. "Price and network dynamics in the European carbon market," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01905985, HAL.
- Andreas Karpf & Antoine Mandel & Stefano Battiston, 2017. "Price and Network Dynamics in the European Carbon Market," Post-Print halshs-01484117, HAL.
- Andreas Karpf & Antoine Mandel & Stefano Battiston, 2017. "Price and Network Dynamics in the European Carbon Market," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01484117, HAL.
More about this item
Keywords
network; federal funds; money markets; interbank; topology;All these keywords.
JEL classification:
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2008-12-07 (Banking)
- NEP-CBA-2008-12-07 (Central Banking)
- NEP-MON-2008-12-07 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednsr:356. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.