The Bright and the Dark Side of Cross-Border Banking Linkages /

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 coun...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Munoz, Sonia
مؤلفون آخرون: Cihak, Martin, Scuzzarella, Ryan
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2011.
سلاسل:IMF Working Papers; Working Paper ; No. 2011/186
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Munoz, Sonia. 
245 1 4 |a The Bright and the Dark Side of Cross-Border Banking Linkages /  |c Sonia Munoz, Ryan Scuzzarella, Martin Cihak. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (51 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 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. 
538 |a Mode of access: Internet 
700 1 |a Cihak, Martin. 
700 1 |a Scuzzarella, Ryan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/186 
856 4 0 |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