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Author Antoun de Almeida, Luiza

Title A Network Analysis of Sectoral Accounts / Luiza Antoun de Almeida
Published Washington : International Monetary Fund, 2015
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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