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A Network Analysis of Global Banking:1978-2009
Reyes, Javier A.; Minoiu, Camelia - International Monetary Fund (IMF) - 2011
In this paper we explore the properties of the global banking network using cross-border bank lending data for 184 countries over 1978-2009. Specifically, we analyze financial interconnectedness using network metrics of centrality, connectivity, and clustering. We document a relatively unstable...
Persistent link: https://www.econbiz.de/10009019598
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Rapid Credit Growth; Boon or Boom-Bust?
Elekdag, Selim; Wu, Yiqun - International Monetary Fund (IMF) - 2011
interest rates (a proxy for global liquidity) are virtually flat during these periods. Therefore, although external factors … such as global liquidity conditions matter, and possibly increasingly so over time, domestic factors (especially monetary …
Persistent link: https://www.econbiz.de/10009369437
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Exploring the Dynamics of Global Liquidity
Sally F. (Sally Fangnan) Chen; Liu, Philip; Maechler, … - International Monetary Fund (IMF) - 2012
This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two … sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial … between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …
Persistent link: https://www.econbiz.de/10010790397
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Resolution of Banking Crises; The Good, the Bad, and the Ugly
Laeven, Luc; Valencia, Fabian - International Monetary Fund (IMF) - 2010
This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many commonalities between recent and past crises, both in terms of underlying causes and policy responses, there are some important differences in terms of the scale and scope of...
Persistent link: https://www.econbiz.de/10008560451
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Systemic Banking Crises Database: An Update
Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2012
We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of...
Persistent link: https://www.econbiz.de/10010790233
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Creditless Recoveries
International Monetary Fund (IMF); International … - 2011
Recoveries that occur in the absence of credit growth are often dubbed miracles and named after mythical creatures. Yet these are not rare animals, and are not always miracles. About one out of five recoveries is "creditless", and average growth during these episodes is about a third lower than...
Persistent link: https://www.econbiz.de/10008876578
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Italian Sovereign Spreads; Their Determinants and Pass-through to Bank Funding Costs and Lending Conditions
Zoli, Edda - International Monetary Fund (IMF) - 2013
Volatility in Italian sovereign spreads has increased since mid-2011. This paper finds that news on the euro area debt crisis and country specific events were important drivers of sovereign spreads. Movements in sovereign spreads affect CDS spreads and bond yields of Italian banks, and are...
Persistent link: https://www.econbiz.de/10011242184
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Systemic Contingent Claims Analysis; Estimating Market-Implied Systemic Risk
Jobst, Andreas A.; Gray, Dale F. - International Monetary Fund (IMF) - 2013
The recent global financial crisis has forced a re-examination of risk transmission in the financial sector and how it … framework that helps mitigate the risk from systemic linkages with a view towards enhancing the resilience of the financial … sector. This paper presents a forward-looking framework ("Systemic CCA") to measure systemic solvency risk based on market …
Persistent link: https://www.econbiz.de/10011242440
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Does G-4 Liquidity Spill Over?
Psalida, L. Effie; Sun, Tao - International Monetary Fund (IMF) - 2011
liquidity, asks the question whether G-4 liquidity expansion spills over to the rest of the world. The paper finds strong … positive links between G-4 liquidity expansion and asset prices, such as equities, in the liquidity receiving economies, which … indicates that the push factor plays an important role in asset prices. Liquidity also has a strong positive link with the …
Persistent link: https://www.econbiz.de/10009369433
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Financial Integration and Rebalancing in Asia
Unteroberdoerster, Olaf; Pongsaparn, Runchana - International Monetary Fund (IMF) - 2011
The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by various measures. The paper also provides empirical evidence that greater financial integration can support economic rebalancing in statistically meaningful ways. The implication...
Persistent link: https://www.econbiz.de/10009369446