Financial Law and Risk Control
Systemic Risk, Interbank Relations, and Liquidity Provision by the Central Bank
Xavier Freixas, Bruno M. Parigi, and Jean-Charles Rochet
- Year
- 2000
- Venue
- Journal of Money, Credit and Banking
- Level
- Advanced
Summary
Models interbank credit links, contagion, and central-bank liquidity assistance. The article clarifies why payment and settlement connections can distribute liquidity efficiently while creating channels for systemic loss.
Citation
Xavier Freixas, Bruno M. Parigi, and Jean-Charles Rochet. "Systemic Risk, Interbank Relations, and Liquidity Provision by the Central Bank." Journal of Money, Credit and Banking, 2000.
BibTeX
@article{Freixas2000Systemic,
title = {Systemic Risk, Interbank Relations, and Liquidity Provision by the Central Bank},
author = {Xavier Freixas, Bruno M. Parigi, and Jean-Charles Rochet},
year = {2000},
journal = {Journal of Money, Credit and Banking},
url = {https://www.jstor.org/stable/2601188}
}