LEADER 05140nam 2200673Ia 450 001 9910812138603321 005 20200520144314.0 010 $a1-4623-0230-0 010 $a1-4527-2384-2 010 $a1-4518-7153-8 010 $a9786612842290 010 $a1-282-84229-3 035 $a(CKB)3170000000055179 035 $a(EBL)1608138 035 $a(SSID)ssj0000943046 035 $a(PQKBManifestationID)11528417 035 $a(PQKBTitleCode)TC0000943046 035 $a(PQKBWorkID)10975131 035 $a(PQKB)10690304 035 $a(OCoLC)467922234 035 $a(IMF)WPIEE2009006 035 $a(MiAaPQ)EBC1608138 035 $a(EXLCZ)993170000000055179 100 $a20041202d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRegional financial interlinkages and financial contagion within Europe /$fprepared by Zsofia Arvai, Karl Driessen, and Inci Ottker-Robe 205 $a1st ed. 210 $a[Washington D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (44 p.) 225 1 $aIMF working paper ;$vWP/09/6 300 $aDescription based upon print version of record. 311 $a1-4519-1589-6 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $a6. 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 327 $a13. 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 327 $a3. 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 327 $a7a. CESE Countries: Index of Exposure to Regional Contagion without Rebalancing, end-2007, International Claims Concept7b. CESE Countries: Index of Exposure to Regional Contagion with Rebalancing, end-2007, International Claims Concept 330 3 $aThis paper focuses on financial interlinkages within Europe and potential contagion channeled through these interlinkages. It discusses the increased role of external financing as a source of funding for credit growth; analyzes potential channels of contagion through financial linkages; and assesses the magnitude of cross-border exposures between emerging and western European countries. Based on the stylized facts on these exposures, the paper provides simple indices of exposure to regional contagion that could help identify the likely pressure points and capture potential spillover effects and propagation channels of a regional shock originating from a given country. 410 0$aIMF working paper ;$vWP/09/6. 606 $aCredit control$zEurope 606 $aInternational economic relations 615 0$aCredit control 615 0$aInternational economic relations. 676 $a338.951 700 $aArvai$b Zsofia$01661477 701 $aDriessen$b Karl$01759732 701 $aOttker-Robe$b Inci$01759733 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910812138603321 996 $aRegional financial interlinkages and financial contagion within Europe$94198374 997 $aUNINA