A Network Analysis of the Italian Overnight Money Market

22 Pages Posted: 9 Nov 2005

See all articles by Giulia Iori

Giulia Iori

City University London - Department of Economics

Giulia de Masi

University of L'Aquila - Department of Physics

Ovidiu Precup

Kings College, London - Department of Mathematics

Giampaolo Gabbi

SDA Bocconi School of Management

Guido Caldarelli

IMT Alti Studi Lucca

Date Written: July 2005

Abstract

The objective of this paper is to analyze, by employing methods of statistical mechanics of complex networks, the network topology of the Italian segment of the European overnight money market.

We investigate differences in the activities of banks of different size and the evolution of their connectivity structure over the maintenance period. The main objectives are to understand potential implications of current institutional arrangements on the stability of the banking system and to assess the efficiency of the interbank market in terms of absence of speculative and preferential trading relationships.

Suggested Citation

Iori, Giulia and de Masi, Giulia and Precup, Ovidiu and Gabbi, Giampaolo and Caldarelli, Guido, A Network Analysis of the Italian Overnight Money Market (July 2005). Available at SSRN: https://ssrn.com/abstract=841607 or http://dx.doi.org/10.2139/ssrn.841607

Giulia Iori (Contact Author)

City University London - Department of Economics ( email )

Northampton Square
London, EC1V 0HB
United Kingdom

Giulia De Masi

University of L'Aquila - Department of Physics ( email )

Coppito di L'Aquila, 67010
Italy

Ovidiu Precup

Kings College, London - Department of Mathematics ( email )

Strand
London, England WC2R 2LS
United Kingdom

Giampaolo Gabbi

SDA Bocconi School of Management ( email )

Via Bocconi 8
Milan, Milan 20136
Italy

Guido Caldarelli

IMT Alti Studi Lucca ( email )

Piazza San Francesco 19
Lucca, 55100
Italy

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