| Description |
1 online resource (42 pages) |
| Series |
IMF Working Papers ; v. Working Paper No. 15/111 |
|
IMF Working Papers
|
| Contents |
Cover; Abstract; Contents; I. Introduction; II. Brief Review of the Literature; III. Data: Scope and Limitations; Boxes; 1. Available From-whom-to-whom Sectoral Accounts Data in G-4 Economies; IV. Comparison of financial balance sheets and net lending across G-4 economies; 2. Composition of Financial Balance Sheets by Sector and Country (2012:Q2); 3. Evolution of Financial Balance Sheets; V. Methodology: Building the Networks; A. Estimating Bilateral Exposures within Countries; B. Combining Sectoral Accounts Data with CPIS, BIS, and IIP Data; C. Networks Visualization |
|
VI. Interpreting Financial NetworksA. Debt Securities; Figures; 1. Debt Security Network; B. Loans; 2. Loan Network; C. Equities; 3. Equity Network; VII. Shock Simulations; 4. Average Weighted Node Degree Over Time; 5. Impact on Domestic Financial Sectors of a 20 Percent Value Drop in GOV Debt Securities; 6. Final Total Loss for Domestic Financial Sectors after a 20 Percent Value Drop in GOV Debt Securities; VIII. Conclusion; 7. Impact on Foreign Countries of a 20 Percent Value Drop in the Debt Securities of U.S. Other Nonbank Sectors and GOV; References |
| Summary |
The recent financial crisis highlighted that balance sheet exposures can be a major shock transmission channel. Using sectoral accounts data in combination with data from the Coordinated Portfolio Investment Survey, International Investment Position, and BIS this paper estimates bilateral exposures between financial and non-financial sectors in three different financial instruments within and across G-4 economies (Euro Area, Japan, U.K. and U.S.). The generated financial networks represent a powerful tool for assessing financial stability, as they allow for the identification of systemically i |
| Notes |
4. Estimated vs Actual Bilateral Exposures (Euro Area, exposure in loans, 2007:Q2) |
|
Print version record |
| Form |
Electronic book
|
| ISBN |
1513526200 |
|
9781513526201 |
|
