A Network Analysis of the Italian Overnight Money Market

Giulia Iori, Giulia de Masi, Ovidiu Precup, Giampaolo Gabbi, Giudo Caldarelli
2005 Social Science Research Network  
The objective of this paper is to analyse the network topology of the Italian segment of the European overnight money market through methods of statistical mechanics applied to complex networks. We investigate differences in the activities of banks of different sizes and the evolution of their connectivity structure over the maintenance period. The main purpose of the analysis is to establish the potential implications of the current institutional arrangements on the stability of the banking
more » ... tem and to assess the efficiency of the interbank market in terms of absence of speculative and preferential trading relationships. r 2007 Elsevier B.V. All rights reserved. JEL classification: E5; G21 Please cite this article as: Iori, G., et al., A network analysis of the Italian overnight money market. Please cite this article as: Iori, G., et al., A network analysis of the Italian overnight money market.
doi:10.2139/ssrn.841607 fatcat:hexl7kbujzeadkzvj4fhvfnceq