基于复杂网络的同业拆借市场特性研究——以金融危机时期(2007～2009年)数据为例

A Study on Features of Interbank Market Based on Complex Network Theory ——For Data Around Financial Crisis(2007～2009)

运用复杂网络的系统科学方法，选用2007-2009年金融危机期间我国同业拆借市场相关数据，构建相应的同业拆借网络对我国同业拆借市场进行实证研究。结果表明：我国同业拆借市场具有典型的小世界和无标度特性，同时，在应对金融危机过程中，同业拆借利率表现出基准利率所具有的市场性和稳定性特点。

Using the complex network analysis and selecting relevant data of the chinese interbank market in 2007-2009 during the financial crisis, we build an interbank lending network for empirical research on the interbank market. We find that interbank Market possesses the small-world and scale-free characters. Meanwhile, the Interbank interest rate shows the stability and marketability which belong to the Benchmark interest rate.