Market Frictions, Interbank Linkages and Excessive Interconnections /
This paper studies banks' decision to form financial interconnections using a model of financial contagion that explicitly takes into account the crisis state of the world. This allows us to model the network formation decision as optimising behaviour of competitive banks, where they balance th...
| Автор: | |
|---|---|
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| Серія: | IMF Working Papers; Working Paper ;
No. 2016/180 |
| Онлайн доступ: | Full text available on IMF |