Systems Analysis Laboratory
Department of Mathematics and Systems Analysis
Aalto University


Doctoral thesis proposal
February, 2012

Network topology, system mechanics and behavioral dynamics in interbank payment systems

Kimmo Soramäki
Founder, www.fna.fi
kimmo@soramaki.net
+34-662-594-200

The Dissertation consists of the present summary and the following articles:

Summary
[ I ]
Soramäki K., M. Bech, J. Arnold, R.J. Glass and W.E. Beyeler (2007). The topology of interbank payment flows, Physica A: Statistical Mechanics and its Applications 379(1), pp. 317-333. pdf-file
[ II ]
Johnson K., J. McAndrews and K. Soramäki (2004). Economizing on liquidity with deferred settlement mechanisms, Federal Reserve Bank of New York Economic Policy Review 10(3), pp. 51-72. pdf-file
[ III ]
Beyeler W.E., R.J. Glass, M. Bech, and K. Soramäki (2007). Congestion and cascades in payment systems, Physica A: Statistical Mechanics and its Applications 384(2), pp. 693-718. pdf-file
[ IV ]
Galbiati M. and K. Soramäki (2011). An agent-based model of payment systems, Journal of Economic Dynamics and Control 35(6), pp. 859-875. pdf-file
[ V ]
Galbiati, M. and K. Soramäki (forthcoming). Liquidity-saving mechanisms and bank behavior in payment systems, In: Martinez-Jaramillo, S., B. Alexandrova- Kabadjova, A. Garcia-Almanza and E. Tsang (eds), "Simulation in Computational Finance and Economics: Tools and Emerging Applications", IGI Global, Hershey, USA pdf-file

Guidelines for pre-examiners of doctoral dissertations