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|c 5.00 USD
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|z 9781462309269
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Munoz, Sonia.
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|a The Bright and the Dark Side of Cross-Border Banking Linkages /
|c Sonia Munoz, Ryan Scuzzarella, Martin Cihak.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2011.
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|a 1 online resource (51 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a When a country's banking system becomes more linked to the global banking network, does that system get more or less prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M-shaped relationship between financial stability of a country's banking sector and its interconnectedness. In particular, for banking sectors that are not very connected to the global banking network, increases in interconnectedness are associated with a reduced probability of a banking crisis. Once interconnectedness reaches a certain value, further increases in interconnectedness can increase the probability of a banking crisis. Our findings suggest that it may be beneficial for policies to support greater interlinkages for less connected banking systems, but after a certain point the advantages of increased interconnectedness become less clear.
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|a Mode of access: Internet
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|a Cihak, Martin.
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|a Scuzzarella, Ryan.
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|a IMF Working Papers; Working Paper ;
|v No. 2011/186
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2011/186/001.2011.issue-186-en.xml
|z IMF e-Library
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