Publication
Apr 2012
This paper analyzes the correlations in patterns of trading for members of the Italian interbank trading platform e-MID. The author shows that there are significant and persistent bilateral correlations between institutions' trading strategies. The findings add further evidence on the fact that preferential lending relationships on the micro-level lead to community structure on the macro-level.
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English (PDF, 27 pages, 562 KB) |
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Author | Daniel Fricke |
Series | Kiel Institute Working Papers |
Issue | 1766 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2012 Kiel Institute for the World Economy |