Banking Sector Fragility and Systemic Sources of Fragility /

A theoretical framework to assess the degree of fragility or, inversely, the soundness of the banking system is proposed. It is argued that, while a bank may be either solvent or insolvent at any given time, its degree of fragility must be a forward-looking measure based on the probability that it c...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Gonzalez-Hermosillo, Brenda
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 1996.
Seria:IMF Working Papers; Working Paper ; No. 1996/012
Dostęp online:Full text available on IMF
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100 1 |a Gonzalez-Hermosillo, Brenda. 
245 1 0 |a Banking Sector Fragility and Systemic Sources of Fragility /  |c Brenda Gonzalez-Hermosillo. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1996. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a A theoretical framework to assess the degree of fragility or, inversely, the soundness of the banking system is proposed. It is argued that, while a bank may be either solvent or insolvent at any given time, its degree of fragility must be a forward-looking measure based on the probability that it can withstand a destabilizing shock. Externalities are particularly important because they can constitute a serious source of systemic risk. The factors that determine banks' soundness can be separated into bank-specific and those common to all banks (subject to microprudential and macroprudential considerations, respectively). The interconnection between banking crises and currency crises (in both directions) is also discussed. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/012 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1996/012/001.1996.issue-012-en.xml  |z IMF e-Library