The cost of collateralized borrowing in the colombian money market : does connectedness matter?

Número: 
803
Publicado: 
Clasificación JEL: 
C31, G21, G32
Palabras clave: 
Money Market, Interbank, collateral, Collateralized Borrowing

Under the view that the market is a weighted and directed network (Barabási, 2003), this document is a first attempt to model the Colombian money market within a spatial econometrics framework. By estimating two standard spatial econometric models, we stu