Similar Search Results

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

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

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

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

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

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

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

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

Surging Capital Flows to Emerging Asia; Facts, Impacts, and Responses

Nowak, Sylwia; Panth, Sanjaya; Balakrishnan, Ravi; Wu, Yiqun - International Monetary Fund (IMF) - 2012

Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns about overheating and financial stability. This paper documents the size and composition of the most recent surge to Asian emerging markets from a historical perspective and...

Persistent link: https://www.econbiz.de/10011242351

External Imbalances and Financial Crises

Taylor, Alan - International Monetary Fund (IMF) - 2013

Consider two views of the global financial crisis. One view looks across the border: it blames external imbalances, the unprecedented current account deficits and surpluses in recent years. Another view looks within the border: it faults domestic financial systems where risks originated in...

Persistent link: https://www.econbiz.de/10010790262