Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Monetary and Exchange Affairs Department.
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| ISBN: | 1455273546
9781455273546
1281090085
9781281090089
1462337988
9781462337989
1455288799
9781455288793
9786613775443
6613775444
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| Notes: | Includes bibliographical references (pages 35-38).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Annotation 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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| Other form: | Print version: González-Hermosillo, Brenda. Banking sector fragility and systemic sources of fragility. [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©1996
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