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Addressing Interconnectedness; Concepts and Prudential Tools

Arregui, Nicolas; Norat, Mohamed; Pancorbo, Antonio; … - International Monetary Fund (IMF) - 2013

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 risk and how …

Persistent link: https://www.econbiz.de/10011242274

The great entanglement: The contagious capacity of the international banking network just before the 2008 crisis

Garratt, Rodney J.; Mahadeva, Lavan; Svirydzenka, Katsiaryna - In: Journal of Banking & Finance 49 (2014) C, pp. 367-385

Systemic risk among the network of international banking groups arises when financial stress threatens to crisscross many national boundaries and expose imperfect international coordination. To assess this risk, we consider three decades of data on the cross-border interbank market. We use...

Persistent link: https://www.econbiz.de/10011118080

A network analysis of global banking: 1978–2010

Minoiu, Camelia; Reyes, Javier A. - In: Journal of Financial Stability 9 (2013) 2, pp. 168-184

We analyze the global banking network using data on cross-border banking flows for 184 countries during 1978–2010. We find that the density of the global banking network defined by these flows is pro-cyclical, expanding and contracting with the global cycle of capital flows. We also find that...

Persistent link: https://www.econbiz.de/10010664237

The European Central Bank as Lender of Last Resort

Illing, Gerhard; König, Philipp - In: DIW Economic Bulletin 4 (2014) 9, pp. 16-28

In the wake of the recent European debt crisis, the European Central Bank (ECB) has grown significantly in importance. As the crisis worsened, the ECB needed to take measures that went far beyond standard monetary policy operations - particularly with respect to its function as lender of last...

Persistent link: https://www.econbiz.de/10011128071

Die Europäische Zentralbank als Lender of Last Resort

Illing, Gerhard; König, Philipp - In: DIW Wochenbericht 81 (2014) 24, pp. 541-554

In the wake of the recent European debt crisis, the European Central Bank (ECB) has grown significantly in importance. As the crisis worsened, especially in the southern countries of the euro area, the ECB was forced to take measures which went far beyond its monetary policy operations in normal...

Persistent link: https://www.econbiz.de/10011128405

Banking crises and financial integration: Insights from networks science

Caballero, Julian - In: Journal of International Financial Markets, … 34 (2015) C, pp. 127-146

This paper explores whether the level of de facto financial integration of banks in a country increases the incidence of systemic banking crises. The paper computes a measure of financial integration based on network statistics of banks participating in the global market of inter-bank syndicated...

Persistent link: https://www.econbiz.de/10011189483

The Development of the Hungarian Banking Sector Prior to Basel II

Csizmazia, Roland Attila - Volkswirtschaftliche Fakultät, … - 2014

Although the economic transition started in the early of 1990s, Hungary had a pioneer role in introducing the two-tier banking system within the former Soviet Eastern Block. The modernization of the banking system was unexpectedly far-reaching as Western banks were allowed to participate in the...

Persistent link: https://www.econbiz.de/10011110792

Consumer Loans in Cambodia: Implications on Banking Stability

Meng, Channarith - Volkswirtschaftliche Fakultät, … - 2014

This paper analyzes the fast development of consumer loans including housing loans in Cambodia to check whether or not such a development posts any stability risk to banking system in Cambodia. Using stress-testing method, the paper finds that current level of consumer loans provided by banks...

Persistent link: https://www.econbiz.de/10011112035

Back to Basics in Banking? A Micro-Analysis of Banking System Stability

De Jonghe, Olivier - Tilburg University, Center for Economic Research - 2009

This paper analyzes the relationship between banks’ divergent strategies toward specialization and diversification of financial activities and their ability to withstand a banking sector crash. We first generate market-based measures of banks’ systemic risk exposures using extreme value...

Persistent link: https://www.econbiz.de/10011092811

Don’t Stand So Close to Me: The role of supervisory style in banking stability

Carretta, Alessandro; Farina, Vincenzo; Fiordelisi, Franco - In: Journal of Banking & Finance 52 (2015) C, pp. 180-188

With the establishment of an integrated Banking Union, the harmonization of supervisory styles (regulation being equal) plays a central role. Our paper addresses a central question: what supervisory culture has been demonstrated to be most effective at ensuring the stability of European banks?...

Persistent link: https://www.econbiz.de/10011209843