Liquidity and Counterparty Risks Tradeoff in Money Market Networks

Borradores de Economia
Number: 
936
Published: 
Classification JEL: 
D85, E58, L14

We examine how liquidity is exchanged in different types of Colombian money market networks (i.e. secured, unsecured, and central bank's repo networks). Our examination first measures and analyzes the centralization of money market networks. Afterwards, b