The topology of interbank payment flows

被引：353

作者：

Soramaki, Kimmo

Bech, Morten L. ^{[1
]}

Arnold, Jeffrey

Glass, Robert J.

Beyeler, Walter E.

机构：

[1] Fed Reserve Bank New York, New York, NY 10045 USA

[2] Helsinki Univ Technol, FIN-02150 Espoo, Finland

[3] Sandia Natl Labs, Albuquerque, NM USA

来源：

PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS | 2007年 / 379卷 / 01期

关键词：

complex networks; scale-free networks; payment systems; economic networks;

D O I：

10.1016/j.physa.2006.11.093

中图分类号：

O4 [物理学];

学科分类号：

0702 ;

摘要：

We explore the network topology of the interbank payments transferred between commercial banks over the Fedwire (R) Funds Service. We find that the network has both a low average path length and low connectivity. The network includes a tightly connected core of banks to which most other banks connect. The degree distribution is scale free over a substantial range. We find that the properties of the network changed considerably in the immediate aftermath of the events of September 11, 2001. (c) 2007 Published by Elsevier B.V.

引用

页码：317 / 333

页数：17

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