Spain : Financial Sector Assessment Program-Technical Note-Interconnectedness and Spillover Analysis in Spain's Financial System.

This Technical Note discusses the findings of the Financial Sector Assessment Program about interconnectedness and spillover in Spain's financial system. Financial intermediaries in Spain are interconnected through conglomerate ownership, common exposures, and inter-sectoral claims. The main so...

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Bibliografski detalji
Autor kompanije: International Monetary Fund. Monetary and Capital Markets Department
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2017.
Serija:IMF Staff Country Reports; Country Report ; No. 2017/344
Online pristup:Full text available on IMF
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245 1 0 |a Spain :   |b Financial Sector Assessment Program-Technical Note-Interconnectedness and Spillover Analysis in Spain's Financial System. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This Technical Note discusses the findings of the Financial Sector Assessment Program about interconnectedness and spillover in Spain's financial system. Financial intermediaries in Spain are interconnected through conglomerate ownership, common exposures, and inter-sectoral claims. The main source of cross-sectoral connectedness appears to be insurance companies' exposures to banks, while exposures of banks to insurers or to mutual funds appear limited at present. Empirical analysis using both exposure and market data suggest strong cross-border interconnectedness. Contagion within the domestic interbank market appears to be limited at present. There are also strong cross-sectoral linkages between banks and other parts of the financial system in Spain, but systemic risks from those linkages appear to be limited. 
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830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2017/344 
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