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The Microstructure of the Italian Overnight Money Market


  • G. Iori
  • O. Precup


In this paper we extend the analysis of the italian segment of the European money market in two ways. First we investigate differences in the activities of banks of different size. Secondly we extend the analysis to the structure of the connections among banks and it's change over time. As recent studies on general complex networks have shown the topology of a network affects its functionality and stability. In particular the nature of credit and debit relashionships among banks may be a crucial ingredient for the emergence of contagion and systemic risk in the interbank market and in payment systems. Even with its potentially important implication, only very limited analysis on has been done in this direction.

Suggested Citation

  • G. Iori & O. Precup, 2005. "The Microstructure of the Italian Overnight Money Market," Computing in Economics and Finance 2005 44, Society for Computational Economics.
  • Handle: RePEc:sce:scecf5:44

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    References listed on IDEAS

    1. Chiu-Che Tseng, 2003. "Comparing Artificial Intelligence Systems for Stock Portfolio Selection," Computing in Economics and Finance 2003 236, Society for Computational Economics.
    2. Chiu-Che Tseng, Piotr J. Gmytrasiewicz, Chris Ching, 2001. "Refining Influence Diagram For Stock Portfolio Selection," Computing in Economics and Finance 2001 241, Society for Computational Economics.
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    Cited by:

    1. Durré, Alain & Beaupain, Renaud, 2008. "The interday and intraday patterns of the overnight market: evidence from an electronic platform," Working Paper Series 988, European Central Bank.

    More about this item

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages


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