Finding the core: Network structure in interbank markets

Daan in 't Veld*, Iman van Lelyveld

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review


This paper investigates the network structure of interbank markets. Using a dataset of interbank exposures in the Netherlands, we corroborate the recent hypothesis that the core periphery model is a 'stylised fact' of interbank markets. We find a core of highly connected banks intermediating between periphery banks and pay particular attention to model selection. Our analysis can help improve systemic risk assessments, especially as more granular data is becoming available.

Original languageEnglish
Pages (from-to)27-40
Number of pages14
JournalJournal of Banking and Finance
Publication statusPublished - 1 Dec 2014


  • Core periphery
  • Interbank networks
  • Loan intermediation

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