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Home > Research > Working Paper No. 516: Mapping the UK interbank system - Sam Langfield, Zijun Liu and Tomohiro Ota
 

Working Paper No. 516: Mapping the UK interbank system - Sam Langfield, Zijun Liu and Tomohiro Ota

28 November 2014

​Working Paper No. 516
Mapping the UK interbank system
Sam Langfield, Zijun Liu and Tomohiro Ota

We present new evidence on the structure of interbank connections in key markets: derivatives, marketable securities, repo, unsecured lending and secured lending. Taken together, these markets comprise two networks: a network of interbank exposures and a network of interbank funding. Network structure varies across and within these two networks, for reasons related to markets’ different economic functions. Credit risk and liquidity risk therefore propagate in the interbank system through different network structures, with implications for financial stability.

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