Financial Stability and Interacting Networks of Financial Institutions and Market Infrastructures

Borradores de Economia
Number: 
848
Published: 
Classification JEL: 
D85, D53, G20, L14
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

An interacting network coupling financial institutions’ multiplex (i.e. multi-layer) and financial market infrastructures' single-layer networks gives an accurate picture of a financial system's true connective architecture. We examine and compare the mai