A network analysis of global banking : 1978-2009 /

A network analysis of global banking : 1978-2009 /

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Bibliographic Details
Author / Creator:Minoiu, Camelia, author.
Imprint:[Washington, District of Columbia] : International Monetary Fund, 2010.
©2010
Description:1 online resource (61 pages)
Language:English
Series:IMF Working Paper ; WP/11/74
IMF Working Papers.
Subject:
Banks and banking, International -- Econometric models.
Capital movements -- Econometric models.
Banks and banking, International -- Econometric models.
Capital movements -- Econometric models.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12508748
Hidden Bibliographic Details
Other authors / contributors:Reyes, Javier A., author.
ISBN:1462339468
9781462339464
1462395961
9781462395965
1283553783
9781283553780
9786613866233
6613866237
1455225002
9781455225002
9781455227051
1455227056
Notes:Includes bibliographical references.
English.
Print version record.
Online resource; title from PDF title page (ebrary, viewed September 22, 2014).
Summary:In this paper we explore the properties of the global banking network using cross-border bank lending data for 184 countries over 1978-2009. Specifically, we analyze financial interconnectedness using network metrics of centrality, connectivity, and clustering. We document a relatively unstable global banking network, with structural breaks in network indicators identifying several waves of capital flows. Interconnectedness rankings, especially for borrowers, are relatively volatile over the period. Connectivity tends to fall during and after systemic banking crises and sovereign debt crises.
Other form:1455227056
Table of Contents:
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; Figure 1. Cross-border financial flows to advanced economies; Figure 2. Cross-border financial flows to emerging markets and developing economies; II. Related studies; III. Data and definitions; A. BIS locational statistics; B. The network; C. Network indicators; Country centrality; Network density; Figure 3. Network view of cross-border banking, 1980 and 2007; IV. Results; A. Network connectivity; Table 1. Summary statistics of network indicators; Figure 4. Trends in network indicators, 1978-2009.
  • Figure 5. Empirical distributions of network indicatorsTable 2. Kolmogorov-Smirnov tests; B. Country rankings, dynamics, and regional heterogeneity; Table 3. Country rankings by degree of interconnectedness; Figure 6. Ranking stability indices; Figure 7. Average rankings for the BRICs and emerging Europe; Figure 8. Regional heterogeneity: degree, strength, and clustering; C. In-sample dynamics and out-of-sample evolution; Table 4. Unit root tests for empirical moments of network indicators; Figure 9. Stochastic kernel density estimates; Table 5. Empirical M-statistics.
  • Figure 10. Ergodic distributions for node degreeV. The global banking network during financial crises; Figure 11. Global banking network before and during the 2008-09 crisis; Figure 12. Network density during financial crises; Figure 13. Regional clustering for LAC and EAP regions during financial crises; Figure 14. Interconnectedness before and after financial crises; Figure 15. Interconnectedness before and after systemic banking crises (including 2007-08 episodes); Table 6. Interconnectedness during financial crises: Regression estimates; VI. Conclusions; References; Footnotes.

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