Addressing interconnectedness : concepts and prudential tools /

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, Monetary and Capital Markets Department, 2013.
Description:1 online resource (58 pages).
Language:English
Series:IMF working paper ; WP13/199
IMF working paper ; WP13/199.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12502146
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Other authors / contributors:Arregui, Nicolás, author.
International Monetary Fund. Monetary and Capital Markets Department, issuing body.
Notes:"September 2013."
Summary:"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."--Summary.