Addressing interconnectedness : concepts and prudential tools

Nicolas Arregui, Mohamed Norat, Antonio Pancorbo, and Jodi Scarlata with Eija Holttinen ...

This paper reviews tools used to identify and measure interconnectedness and raises the awareness of policymakers as to potential cross-sectional implications of prudential tools aimed at controlling interconnectedness. The paper examines two sets of tools?developed at the IMF and externally?to identify the implications of interconnectedness in systemic riskand how these tools have been applied in IMF surveillance. The paper then proposes a preliminary framework to analyze some key internationally-agreed-upon and national prudential tools and finds that while many prudential tools are effectiv

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Year of publication:	2013
Authors:	Arregui, Nicolas ; Norat, Mohamed ; Pancorbo de Rato, Antonio ; Scarlata, Jodi G. ; Holttinen, Eija
Publisher:	Washington, DC : IMF
Subject:	Systemrisiko \| Systemic risk \| Risikomanagement \| Risk management \| Netzwerkökonomik \| Network economics \| Ansteckungseffekt \| Contagion effect

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Extent:	Online-Ressource (57 S.) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 13/199
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Description based upon print version of record Systemvoraussetzungen: Acrobat Reader Cover; Contents; I. Introduction; II. The role of interconnectedness analysis in addressing Systemic Risk; A. Analytical Tools to Assess Interconnectedness and Concentration; Tables; 1. Tools for Network Analysis; Boxes; 1. Use of Interconnectedness Analysis by the IMF; B. Use of Analytical Tools, their Complementary Nature, and Limitations; 2. Main Market-Based Measures Used at the IMF; C. Analysis of Interconnectedness and Policymaking; III. Prudential tools and interconnectedness; A. Cross-Sectional Prudential Tools: A Recent Review 3. Comparison of Some Methodology to Compute Systemic Risk-Based Charges2. Insurance and Interconnectedness; Figures; 1. The G14 and the CCP Global Network; 4. Comparison of the Structural Reform Proposals; 3. The Key Attributes-A Summary; B. Cross-sectional Prudential tools: Assessment of Interactions and Impact; 5. Interaction of Prudential Tools to Deal with Bank Interconnectedness; IV. Policy Considerations and Next Steps; References; Appendixes; I. Data Requirements for Network Analysis; 2. Dense Interconnected Network; II. Network Analysis Tools 3. Cluster Identification: A Stylized Depiction4. CoVaR and ΔCoVaR; III. Price-Based Measures; IV. Status of Macroprudential Initiatives for Interconnectedness, by Selected Economy
ISBN:	978-1-4755-3185-5
Other identifiers:	10.5089/9781475531855.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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