As the reallocator of liquidity from banks with excess to banks with a deficit, the interbank
money market (IMM) plays a fundamental role in the proper functioning of the banking …

We introduce a modeling framework for continuous-time relational data that allows detecting
the fine-grained dynamics of network formation and change in financial markets. We …

We study at an individual level the prices that banks pay for liquidity, measured here by
overnight rates charged for unsecured loans on the e-MID trading platform, which is an …

We analyze the causal effect of the credit supply shock to banks induced by interbank
market disruptions in the recent financial crisis 2008/2009 on their business customers' …

Theoretically, a financial system that is highly concentrated due to the level of interbank
transactions carried out by a group of agents is more sensitive to the so-called “contagion …

Considering uncertainty in banks' liquidity needs as a proxy of trust in the interbank market,
this paper proposes a blockchain consensus algorithm to build trust among the market …

We examine how endogenous shocks affect market exchange relationships. We address
two questions: Are organizations more likely to engage in some relationships than in others …