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180827 ||| eng |
| 020 |
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|a 9781484353240
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| 100 |
1 |
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|a Korniyenko, Yevgeniya
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| 245 |
0 |
0 |
|a Evolution of the Global Financial Network and Contagion: A New Approach
|c Yevgeniya Korniyenko, Manasa Patnam, Rita Maria del Rio-Chanon, Mason Porter
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2018
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| 300 |
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|a 41 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Investments, Foreign
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| 653 |
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|a Banks
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| 653 |
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|a Portfolio management
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| 653 |
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|a Finance
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| 653 |
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|a Banks and banking
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a Globalization: Finance
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Mortgages
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Neural Networks and Related Topics
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| 653 |
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|a International Financial Markets
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| 653 |
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|a Financial risk management
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| 653 |
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|a Banking
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| 653 |
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|a Foreign direct investment
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Commercial banks
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Financial contagion
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| 653 |
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|a Pension Funds
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| 653 |
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|a Stocks
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| 653 |
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|a Short-term Capital Movements
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| 653 |
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|a Portfolio investment
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| 653 |
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|a Financial institutions
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| 653 |
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|a Financial Instruments
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Current Account Adjustment
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Balance of payments
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| 653 |
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|a Long-term Capital Movements
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a International Policy Coordination and Transmission
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Investments: Stocks
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| 653 |
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|a Investment & securities
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| 653 |
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|a Finance: General
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| 653 |
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|a International Investment
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| 700 |
1 |
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|a del Rio-Chanon, Rita Maria
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| 700 |
1 |
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|a Patnam, Manasa
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| 700 |
1 |
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|a Porter, Mason
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781484353240.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2018/113/001.2018.issue-113-en.xml?cid=45825-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper studies the interconnectedness of the global financial system and its susceptibility to shocks. A novel multilayer network framework is applied to link debt and equity exposures across countries. Use of this approach—that examines simultaneously multiple channels of transmission and their important higher order effects—shows that ignoring the heterogeneity of financial exposures, and simply aggregating all claims, as often done in other studies, can underestimate the extent and effects of financial contagion.The structure of the global financial network has changed since the global financial crisis, impacted by European bank’s deleveraging and higher corporate debt issuance. Still, we find that the structure of the system and contagion remain similar in that network is highly susceptible to shocks from central countries and those with large financial systems (e.g., the USA and the UK). While, individual European countries (excluding the UK) have relatively low impact on shock propagation, the network is highly susceptible to the shocks from the entire euro area. Another important development is the rising role of the Asian countries and the noticeable increase in network susceptibility to shocks from China and Hong Kong SAR economies
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