Arbeitspapier
The topology of the federal funds market
We explore the network topology of the federal funds market. This market is important for distributing liquidity throughout the financial system and for the implementation of monetary policy. The recent turmoil in global financial markets underscores its importance. We find that the network is sparse, exhibits the small world phenomenon and is disassortative. Reciprocity tracks the federal funds rate and centrality measures are useful predictors of the interest rate of a loan.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 986
- Klassifikation
-
Wirtschaft
Central Banks and Their Policies
Monetary Policy, Central Banking, and the Supply of Money and Credit: Other
- Thema
-
interbank
money market
network
topology
Geldmarkt
Unternehmensarchitektur
Liquidität
Geldpolitische Transmission
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bech, Morten L.
Atalay, Enghin
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bech, Morten L.
- Atalay, Enghin
- European Central Bank (ECB)
Entstanden
- 2008
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