A Network-Based Analysis of Over-the-Counter Markets

125 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Efficiency and Stability of a Financial Architecture with Too-Interconnected-to-Fail Institutions (2017, methodology): “Gofman (2011) shows that equilibrium valuations are unique.”
Endogenous intermediation in over-the-counter markets (2015, background): “In fact, we show that networks in which some matched traders require many intermediaries cannot sustain any unsecured trade for large populations, and hence, some degree of concentration in intermediation is necessary.”
Systemic Risk and Stability in Financial Networks (2015, background): “In the non-generic case in which ∑ j=1 n ( z j + c j ) = nv − n ζ A , there may exist a continuum of payment equilibria, in almost all of which banks default due to “coordination failures.””
Trading Partners in the Interbank Lending Market (2013, background): “Studies of the unsecured interbank markets in the US (Bech and Atalay (2010), Gofman (2011)), Germany (Craig and von Peter (2010)), Italy (Fricke and Lux (2012), Iori et al. (2008)) and Denmark (Rørdam and Bech (2009)), among others, describe network structures where few banks have many counterparti”