Regional Financial Interlinkages and Financial Contagion within Europe / / Inci Ötker, Karl Driessen, Zsofia Arvai

• Autore: Ötker Inci
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (44 p.)
• Disciplina: 338.951
• Soggetto topico: Credit control - Europe; International economic relations; Banking; Banks and Banking; Banks and banking; Banks and banking, Foreign; Banks; Commercial banks; Credit; Depository Institutions; Finance; Finance: General; Financial Aspects of Economic Integration; Financial contagion; Financial institutions; Financial risk management; Financial sector policy and analysis; Foreign banks; Foreign currency exposure; Foreign exchange market; General Financial Markets: Government Policy and Regulation; Government and the Monetary System; International Financial Markets; International Lending and Debt Problems; Micro Finance Institutions; Monetary economics; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; Monetary Systems; Money and Monetary Policy; Money; Mortgages; Payment Systems; Regimes; Standards
• Soggetto geografico: Austria
• Altri autori: ArvaiZsofia DriessenKarl
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; 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 ; 7a. 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
• Sommario/riassunto: 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 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.
• Titolo autorizzato: Regional Financial Interlinkages and Financial Contagion within Europe
• ISBN: 1-4623-0230-0; 1-4527-2384-2; 1-4518-7153-8; 9786612842290; 1-282-84229-3
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910812138603321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/006