Arbeitspapier
The topology of the federal funds market
The recent turmoil in global financial markets underscores the importance of the federal funds market as a means of distributing liquidity throughout the financial system and a tool for implementing monetary policy. In this paper, we explore the network topology of the federal funds market. We find that the network is sparse, exhibits the small-world phenomenon, and is disassortative. In addition, reciprocity loans track the federal funds rate, and centrality measures are useful predictors of the interest rate of a loan.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 354
- Klassifikation
-
Wirtschaft
Money and Interest Rates: General
Central Banks and Their Policies
Monetary Policy, Central Banking, and the Supply of Money and Credit: Other
General Financial Markets: General (includes Measurement and Data)
- Thema
-
Federal funds
network
topology
interbank
money markets
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bech, Morten L.
Atalay, Enghin
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 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
- Federal Reserve Bank of New York
Entstanden
- 2008
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