Identifying central bank liquidity super-spreaders in interbank funds networks

Borradores de Economia
Number: 
816
Published: 
Authors:
Clara Lía Machado-Franco,
Classification JEL: 
E5, G2, L14

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 e