BIS paper flags importance of “multi-layered” bank networks
“Multiplex” network could allow more tailored policymaking
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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