A Network Analysis of the Italian Overnight Money Market
A Network Analysis of the Italian Overnight Money Market
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DOI：
10.2139/ssrn.841607
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发表时间：
2005-07
期刊：
影响因子：
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通讯作者：
G. Iori;G. De Masi;Ovidiu V. Precup;G. Gabbi;G. Caldarelli
中科院分区：
文献类型：
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作者：
G. Iori;G. De Masi;Ovidiu V. Precup;G. Gabbi;G. Caldarelli
本文的目的是分析的网络拓扑结构的意大利部分的欧洲隔夜货币市场，通过统计力学方法应用于复杂网络。我们调查不同规模的银行的活动和他们的连通性结构的演变在维护期间的差异。分析的主要目的是确定目前的制度安排对银行体系稳定性的潜在影响，并评估在缺乏投机和优惠交易关系的情况下银行间市场的效率。
The objective of this paper is to analyse the network topology of the Italian segment of the European overnight money market through methods of statistical mechanics applied to complex networks. We investigate differences in the activities of banks of different sizes and the evolution of their connectivity structure over the maintenance period. The main purpose of the analysis is to establish the potential implications of the current institutional arrangements on the stability of the banking system and to assess the efficiency of the interbank market in terms of absence of speculative and preferential trading relationships.