Quality Uncertainty and the Market Mechanism”, Quarterly Journal of Economics, Vol. 84, pp. 488-500. 11  Heider et al.
study the effects of asymmetric information and counterparty credit risk on the structure of the interbank market and analyse the effects of different policy responses; see F. Heider, M. Hoerova and C. Holthausen (2008), “Information asymmetries in the interbank market: theory and policy responses”, presented at the 2008 UniCredit Conference on Banking and Finance, Vienna, 6-7 November.