The Topology of Danish Interbank Money Flows December 2008

Working paper no 59, 2008

Authors Bech, Morten Linnemann; Rørdam, Kirsten Bonde
Subject Payment and settlement systems
Type Working paper
Year 2008
Published 16 December 2008
This paper presents the first topological analysis of Danish money market flows. We analyze the structure of two networks with different types of transactions. The first network is the money market network, which is driven by banks' behaviour on the interbank market, the second is the network of customer driven transactions, which is driven by banks' customers' transactions demand. We show that the structure of these networks differ. This paper adds to the new and growing literature on network topological analysis of payment systems.