This paper argues that the extent of financial contagion exhibits a form of phase transition:
as long as the magnitude of negative shocks affecting financial institutions are sufficiently …

As the reallocator of liquidity from banks with excess to banks with a deficit, the interbank
money market (IMM) plays a fundamental role in the proper functioning of the banking …

We empirically investigate the effect that relationship lending has on the availability and
pricing of interbank liquidity. Our analysis is based on a daily panel of unsecured overnight …

We model the allocation of central bank liquidity among the participants of the interbank
market by using network analysis' metrics. Our analytical framework considers that a super …

We study the topology characteristics of the Kenyan overnight interbank market and their
impacts on bank stability. Our intraday transaction dataset covers 2003 to 2012, including six …

Relationship lending is broadly interpreted as a strong partnership between a lender and a
borrower. Nevertheless, we still lack consensus regarding how to quantify the strength of a …

A growing group of institutional investors use divestment strategically to deter misconducts
that are harmful for the climate and society. Based on Kantian ethics, we propose that …

We propose and test a new channel that links liquidity risk and interest rates in short-term
funding markets. Unlike existing theories that focus on premiums demanded by lenders, the …

We examine the role of imposing tighter limits on interbank exposures in reducing contagion
and aggregate losses. In our model contagion risk arises as a result of the individual …

This paper examines the link between bank competition measures and risk indicators using
quarterly interbank exposures data for all banks in Mexico during 2008Q1–2019Q1. The …