Description |
1 online resource (25 pages) : color illustrations |
Series |
IMF working paper ; WP/14/136 |
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IMF working paper ; WP/14/136.
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Contents |
""Cover""; ""Real and Financial Vulnerabilities from Crossborder Banking Linkages""; ""I. INTRODUCTION""; ""II. RELATED LITERATURE""; ""III. DATA AND METHODOLOGY""; ""Data""; ""Methodologies""; ""IV. IS THE WORLD SAFER FROM CROSSBORDER BANKING LINKAGES?""; ""V. WHAT IS THE OUTPUT COST OF VULNERABILITY TO BANKING INTERLINKAGES?""; ""Robustness""; ""VI. CONCLUSIONS""; ""Figure""; ""Figure 1. Credit Shock and Funding Shock Illustrated with Stylized Banking System Balance Sheets""; ""Figure 2. Growth Rate Surprise""; ""Figure 3. Vulnerability to Credit Shock"" |
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""Table 2. Panel Regression with Country Fixed Effects""""Table 3. Robustness: Panel Regression with Country Fixed Effects""; ""Table 4. Robustness: Panel Regression with Random Effects""; ""References"" |
Summary |
"This paper looks at the vulnerabilities stemming from banking sector linkages between countries and their macroeconomic effects. It finds that credit risks (from a banking system's claims on other countries) and funding risks (from a banking system's liabilities to another) have declined over the past five years. It also finds that funding vulnerabilities have real effects. During normal times, funding vulnerabilities are associated with significant positive GDP growth surprises. During crisis times, funding vulnerabilities are associated with significant negative GDP growth surprises. The results tell us that policymakers should pay more attention to understanding crossborder funding risks"--Abstract |
Notes |
"Monetary and Capital Markets Department"--Page 2 of pdf |
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"July 2014"--Page 2 of pdf |
Bibliography |
Includes bibliographical references (page 25) |
Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed July 28, 2014) |
Subject |
Banks and banking, International.
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Financial risk.
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Gross domestic product.
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Banks and banking, International
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Financial risk
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Gross domestic product
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Form |
Electronic book
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Author |
Mitra, Srobona, author.
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International Monetary Fund. Monetary and Capital Markets Department, issuing body.
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ISBN |
9781498368421 |
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1498368425 |
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