Banking sector fragility and systemic sources of fragility /
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| Author / Creator: | González-Hermosillo, Brenda, author. |
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| Imprint: | [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©1996. |
| Description: | 1 online resource (iii, 38 pages) |
| Language: | English |
| Series: | IMF working paper ; WP/96/12 IMF working paper ; WP/96/12. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497409 |
| Summary: | A theoretical framework to assess the degree of fragility or, inversely, the soundness of the banking system is proposed. It is argued that, while a bank may be either solvent or insolvent at any given time, its degree of fragility must be a forward-looking measure based on the probability that it can withstand a destabilizing shock. Externalities are particularly important because they can constitute a serious source of systemic risk. The factors that determine banks' soundness can be separated into bank-specific and those common to all banks (subject to microprudential and macroprudential considerations, respectively). The interconnection between banking crises and currency crises (in both directions) is also discussed. |
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| Physical Description: | 1 online resource (iii, 38 pages) |
| Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
| Bibliography: | Includes bibliographical references (pages 35-38). |
| ISBN: | 1455273546 9781455273546 1281090085 9781281090089 1462337988 9781462337989 1455288799 9781455288793 9786613775443 6613775444 |