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...

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Bibliographic Details
Main Author: Munoz, Sonia
Other Authors: Cihak, Martin, Scuzzarella, Ryan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/186
Online Access:Full text available on IMF