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Evidence suggests that the Colombian interbank funds market is an inhomogeneous and hierarchical network in which a few financial institutions fulfill the role of “super-spreaders” of central bank liquidity among market participants. Results concur with evidence from other interbank markets...
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Network analysis has been applied to identify systemically important financial institutions after the 2008 financial crisis. Such applications have stressed the importance of centrality within the too-connected-to-fail concept.Yet, despite their well-known importance for financial stability,...
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This PhD dissertation consists of six chapters related to applications of network analysis’ methods for financial stability. The first chapter introduces the network perspective as a new mapping technique for studying and understanding financial markets’ architecture. The second chapter...
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We model the allocation of central bank liquidity among the participants of the interbank market by using network analysis' metrics. Our analytical framework considers that a super-spreader simultaneously excels at receiving (borrowing) and distributing (lending) central bank's liquidity for the...
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