BIS paper flags importance of “multi-layered” bank networks
Decomposing networks of bank exposures into their constituent "layers" could allow supervisors to better understand the nature of systemic importance, according to a working paper published today (January 10) by the Bank for International Settlements.
The paper, by Iñaki Aldasoro and Ivan Alves, breaks the overall network of bank exposures into many "sub-networks", drawing on a highly granular dataset on European bank exposures. The layers are correlated with one another, but the authors suggest
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