Bank's position relative to other banks explains contagion in the European money markets
Toivanen, Mervi (04.11.2013)
Numero
2
2013
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408074840Tiivistelmä
A research paper on contagion in the interbank money market shows that in 2010 contagion negatively affected 40% of European banks on average. A bank's central position in the interbank network is particularly important in explaining the level of contagion, while a bank's size is a considerably less significant explanatory factor.