Arbeitspapier
The topology of interbank payment flows
We explore the network topology of the interbank payments transferred between commercial banks over the Fedwire® Funds Service. We find that the network is compact despite low connectivity. The network includes a tightly connected core of money-center banks to which all other banks connect. The degree distribution is scale-free over a substantial range. We find that the properties of the network changed considerably in the immediate aftermath of the attacks of September 11, 2001.
- Language
-
Englisch
- Bibliographic citation
-
Series: Staff Report ; No. 243
- Classification
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Wirtschaft
Monetary Policy, Central Banking, and the Supply of Money and Credit: Other
Central Banks and Their Policies
- Subject
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network, topology, interbank, payment, Fedwire, September 11, 2001
Zahlungsverkehr
Geldmarkt
Netzwerk
USA
- Event
-
Geistige Schöpfung
- (who)
-
Soramäki, Kimmo
Bech, Morten L.
Arnold, Jeffrey
Glass, Robert J.
Beyeler, Walter E.
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of New York
- (where)
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New York, NY
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Soramäki, Kimmo
- Bech, Morten L.
- Arnold, Jeffrey
- Glass, Robert J.
- Beyeler, Walter E.
- Federal Reserve Bank of New York
Time of origin
- 2006
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Efficient pricing of large value interbank payment systems
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Illiquidity in the interbank payment system following wide-scale disruptions
Developing the interbank payment system: Efficiency of public versus private investments
Interbank intermediation
Peer Monitoring vs. search costs in the interbank market: Evidence from payment flow data in Norway
Optimal interbank regulation
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