that can best be characterized as a shrinking of the interbank network. Such a change in the network structure is … consequential: banks with higher centrality within the network have better access to liquidity and are able to charge larger …

reliable answer can be obtained with the aid of complex network theory. In particular, the authors show how it is possible to … to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question … is relevant for policy, since these subsets are likely to channel any shock affecting the network. As it turns out, a …

results are, first, that financial stability depends not only on the completeness and interconnectedness of the network but … and interconnectedness of the network as well as empirical literature that exclusively focuses on one particular financial … network. …

, and if so, to what extent. Furthermore, we identify systemically important participants using a variety of network theory …Since the 2008 economic crisis, network research has become increasingly prominent in the world of finance. The complex … crisis. In this paper, we explore the network properties of the Hungarian RTGS (VIBER) and also seek an answer to the …

We develop a DSGE model incorporating a banking sector comprising 4 banks connected in a stylised network representing … different interbank network structures: Complete, cyclical and two variations of the core-periphery topology. Comparison of … interbank market dynamics under the different topologies reveals a strong stabilising role played by the complete network while …