04028oam 22010094 450 991078822440332120230721045723.01-4623-8603-21-4527-8638-01-4518-7377-81-282-84431-89786612844317(CKB)3170000000055374(SSID)ssj0000941193(PQKBManifestationID)11588689(PQKBTitleCode)TC0000941193(PQKBWorkID)10963487(PQKB)10871018(OCoLC)680613662(MiAaPQ)EBC1608853(IMF)WPIEE2009230(EXLCZ)99317000000005537420020129d2009 uf 0engurcn|||||||||txtccrGlobal Market Conditions and Systemic Risk /Brenda Gonzalez-Hermosillo, Heiko HesseWashington, D.C. :International Monetary Fund,2009.22 p. illIMF Working Papers"October 2009."1-4519-1795-3 This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of crisis. Using Markov regime-switching techniques, it shows that the Lehman Brothers failure was a watershed event in the crisis, although signs of heightened systemic risk could be detected as early as February 2007. In addition, we analyze the role of global market conditions to help determine when governments should begin to exit their extraordinary public support measures.IMF Working Papers; Working Paper ;No. 2009/230Global Financial Crisis, 2008-2009Financial crisesEconometric modelsRisk managementEconometric modelsTime-series analysisEconometric modelsFinance: GeneralimfFinancial Risk ManagementimfGeneral Financial Markets: Government Policy and RegulationimfFinancial CrisesimfGeneral Financial Markets: General (includes Measurement and Data)imfInternational Financial MarketsimfFinanceimfEconomic & financial crises & disastersimfSystemic riskimfFinancial crisesimfStock marketsimfCurrency marketsimfInterbank marketsimfFinancial risk managementimfStock exchangesimfForeign exchange marketimfInternational financeimfUnited StatesimfGlobal Financial Crisis, 2008-2009.Financial crisesEconometric models.Risk managementEconometric models.Time-series analysisEconometric models.Finance: GeneralFinancial Risk ManagementGeneral Financial Markets: Government Policy and RegulationFinancial CrisesGeneral Financial Markets: General (includes Measurement and Data)International Financial MarketsFinanceEconomic & financial crises & disastersSystemic riskFinancial crisesStock marketsCurrency marketsInterbank marketsFinancial risk managementStock exchangesForeign exchange marketInternational financeGonzalez-Hermosillo Brenda1485161Hesse Heiko1472688International Monetary Fund.Monetary and Capital Markets Dept.DcWaIMFBOOK9910788224403321Global Market Conditions and Systemic Risk3741548UNINA