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Book Cover
Author Errico, Luca, author

Title Assessing systemic trade interconnectedness : an empirical approach / Luca Errico and Alexander Massara
Published [Washington, D.C.] : International Monetary Fund, [2011]
Online access available from:
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Description 1 online resource (25 pages) : illustrations
Series IMF working paper ; WP/11/214
IMF working paper ; WP/11/214
Contents Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Analytical Framework; A. First Stage; B. Second Stage; III. The Dataset; IV. The Results; 1. The Global Trade Network, 2010; 1. Jurisdictions with Systemically Important Trade Sectors: 2000-2010; 2. Top Imports into China and Japan, 2000-2010; V. Applications and Extensions; 3. Percent of Total Exports: 2000 vs 2010; 4. Share of Total Exports to the Systemic Regions; 5. Jurisdictions with Systemic Trade and Financial Sectors; 2. Composite Index Ranking: the Top 25 Systemic Jurisdictions, 2010; VI. Concluding Remarks
Appendix 1: Trade and Interconnectedness Rankings for 169 Jurisdictions, 2000 and 2010References; Footnotes
Summary The paper focuses on systemically important jurisdictions in the global trade network, complementing recent IMF work on systemically important financial sectors. Using the IMF's Direction of Trade Statistics (DOTS) database and network analysis, the paper develops a framework for ranking jurisdictions based on trade size and trade interconnectedness indicators using data for 2000 and 2010. The results show a near perfect overlap between the top 25 systemically important trade and financial jurisdictions, suggesting that these ought to be the focus of risk-based surveillance on cross-border spillovers and contagion. In addition, a number of extensions to the approach are developed that can provide a better understanding of trade dynamics at the bilateral, regional, and global levels
Notes "September 2011."
At head of title: Statistics Department
Title from PDF title page (IMF Web site, viewed September 28, 2011)
Bibliography Includes bibliographical references
Subject International trade -- Econometric models.
Form Electronic book
Author Massara, Alexander, author
International Monetary Fund. Statistics Department, issuing body
ISBN 1283560712