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Regional financial interlinkages and financial contagion within Europe /

This paper focuses on financial interlinkages within Europe and potential contagion channeled through these interlinkages. It discusses the increased role of external financing as a source of funding for credit growth; analyzes potential channels of contagion through financial linkages; and assesses...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Árvai, Zsófia (Autor), Driessen, Karl (Autor), Ötker, İnci (Autor)
Autor Corporativo: International Monetary Fund. Monetary and Capital Markets Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/6.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. Background; Figures; 1. Asset Share of Foreign-Owned Banks, 2000-2006; Tables; 1. Evolution of Credit to the Private Sector in Ratio to GDP; 2. The CESE Region: Catching Up from Low Levels of Intermediation; 3. Major Banking Groups: Assets in Emerging Europe, end-2007; 4. The CESE Region: Funding of Credit Expansion, 2003-2007; 5. The CESE Region: Funding of Credit Expansion, 2002-June 2008; III. Possible Propagation Channels of Regional Shocks; IV. Stylized Facts on Cross Border Exposures and Financial Linkages.
  • 6. Foreign Claims of All BIS Reporting Banks on Emerging Europe7. Relative Magnitude of Exposure for CESE and Western Europe, December 2007; 8. CESE Banks' Exposure to Foreign Banks
  • International Claims on Banks; V. Implications for Exposure to Regional Contagion Risks; 9. CESE: Concentration of Funding Dependence to BIS Reporting Banks in Western Europe, December 2007; 10. The Impact of a Shock from Home to Host Country-An Illustration; 11. CESE Countries: Indices of Contagion Exposure
  • Foreign Claim Concept; 12. CESE Countries: Indices of Contagion Exposure
  • International Claims Concept.
  • 13. CESE Countries: Indices of Contagion Exposure
  • International Claims on CESE Banks OnlyVI. Conclusions, Caveats, and Policy Implications; References; Appendixes; I: Major Banking Groups Active in the CESE Region; Appendix Tables; Figure 14. Income Exposure of Major Banking Groups to the CESE Region, 2007; II: A Growing Role for Lending to Nonbank Institutions; Appendix Figure; III. Computation of Exposure to Regional Contagion; 2. Host Country Exposure to Home Country Banks: Measure of Relative Dependence, end-2007, Foreign Claims Concept.
  • 3. Home Country Exposure to Host Countries: Measure of Relative Exposure, end-2007, Foreign Claims Concept4. Host Country Exposure to Home Country Banks: Measure of Absolute Dependence, end 2007, Foreign Claims Concept; 5. Home Country Exposure to Host Countries: Measure of Absolute Exposure, end 2007, Foreign Claims Concept; 6a. CESE Countries: Index of Exposure to Regional Contagion without Rebalancing, end-2007, Foreign Claims Concept; 6b. CESE Countries: Index of Exposure to Regional Contagion with Rebalancing, end-2007, Foreign Claims Concept.