Addressing Interconnectedness: Concepts and Prudential Tools
| Autor: | Jodi G. Scarlata, Fabiana Melo, Nicolas Arregui, Mohamed Norat, Chris M. Wilson, Jay Surti, Rodolfo Wehrhahn, Antonio Pancorbo, Mamoru Yanase, Eija Holttinen |
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| Rok vydání: | 2013 |
| Předmět: |
Financial contagion
Informal sector business.industry Financial risk management Interconnectedness network analysis prudential tools policymakers systemic risk banking banking system banking sector bank reporting interbank market General Government Policy and Regulation Neural Networks and Related Topics systemicrisk Investment banking Risk analysis (engineering) Systemic risk General Earth and Planetary Sciences Business Interbank lending market General Environmental Science Credit risk |
| Zdroj: | IMF Working Papers. 13:i |
| ISSN: | 1018-5941 |
| DOI: | 10.5089/9781475531855.001 |
| Popis: | This paper reviews tools used to identify and measure interconnectedness and raises the awareness of policymakers as to potential cross-sectional implications of prudential tools aimed at controlling interconnectedness. The paper examines two sets of tools—developed at the IMF and externally—to identify the implications of interconnectedness in systemic risk and how these tools have been applied in IMF surveillance. The paper then proposes a preliminary framework to analyze some key internationally-agreed-upon and national prudential tools and finds that while many prudential tools are effective in reducing interconnectedness, the interaction among these tools is far less clear cut. |
| Databáze: | OpenAIRE |
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