Colombian interbank oligopoly requires new monetary policy transmission model
Colombian central bank paper investigates role of ‘super-spreader' banks
A few big Colombian banks fulfil the role of ‘super-spreaders' of central bank liquidity through the interbank funds market, claims a new paper published by the Central Bank of Colombia. This suggests traditional models cannot adequately predict how the financial network will operate.
In their paper, Identifying central bank liquidity super-spreaders in interbank funds networks, Carlos León, Clara Machado and Miguel Sarmiento propose a new approach, using network analysis concepts and metrics to
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