Does Financial Connectedness Predict Crises? /

The global financial crisis has reignited interest in models of crisis prediction. It has also raised the question whether financial connectedness - a possible source of systemic risk - can serve as an early warning indicator of crises. In this paper we examine the ability of connectedness in the gl...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Minoiu, Camelia
Muut tekijät: Berea, Anamaria, Kang, Chanhyun, Subrahmanian, V.S
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2013.
Sarja:IMF Working Papers; Working Paper ; No. 2013/267
Linkit:Full text available on IMF
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100 1 |a Minoiu, Camelia. 
245 1 0 |a Does Financial Connectedness Predict Crises? /  |c Camelia Minoiu, Chanhyun Kang, V.S. Subrahmanian, Anamaria Berea. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (44 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 The global financial crisis has reignited interest in models of crisis prediction. It has also raised the question whether financial connectedness - a possible source of systemic risk - can serve as an early warning indicator of crises. In this paper we examine the ability of connectedness in the global network of financial linkages to predict systemic banking crises. Our results indicate that increases in a country's financial interconnectedness and decreases in its neighbors' connectedness are associated with a higher probability of banking crises after controlling for macroeconomic fundamentals. 
538 |a Mode of access: Internet 
700 1 |a Berea, Anamaria. 
700 1 |a Kang, Chanhyun. 
700 1 |a Subrahmanian, V.S. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/267 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/267/001.2013.issue-267-en.xml  |z IMF e-Library