Interconnectedness, Systemic Crises and Recessions /

This relatively simple model attempts to capture and integrate four widely held views about financial crises. [1] Interconnectedness among financial institutions (banks) can play a major role in precipitating systemic financial crises. [2] Lack of information about the quality of bank portfolios als...

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Bibliographic Details
Main Author: Espinosa-Vega, Marco
Other Authors: Russell, Steven
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2015.
Series:IMF Working Papers; Working Paper ; No. 2015/046
Online Access:Full text available on IMF