Barattieri, Alessandro; Eden, Maya; Stevanovic, Dalibor - Centre Interuniversitaire sur le Risque, les Politiques … - 2013
We propose a measure of the extent to which a financial sector is connected to the real economy. The Measure of Connectedness is a mesure of composition of the assets, namely the share of the credit to the non-financial sectors over the total credit market instruments. The aggregate U.S. Measure...