The Resource Drivers of Systemic Banking Crises : The Role of Bank-Balance-Sheet Contagion and Financial Account Structure, Rudiger Ahrend and Antoine Goujard, (electronic resource)

Drivers of Systemic Banking Crises : The Role of Bank-Balance-Sheet Contagion and Financial Account Structure, Rudiger Ahrend and Antoine Goujard, (electronic resource)

Label
Drivers of Systemic Banking Crises : The Role of Bank-Balance-Sheet Contagion and Financial Account Structure
Title
Drivers of Systemic Banking Crises
Title remainder
The Role of Bank-Balance-Sheet Contagion and Financial Account Structure
Statement of responsibility
Rudiger Ahrend and Antoine Goujard
Creator
Contributor
Subject
Language
eng
Summary
This paper examines whether the composition of a country's external liabilities and assets has an incidence on its risk of suffering financial turmoil. Particular emphasis is put on the role of international financial integration, using newly-constructed measures of contagion shocks. These new measures capture well the contagion observed e.g. in the wake of the Mexican and Asian crises, and confirm that contagion shocks observed in 2009/10 dwarfed those observed during previous financial crises. Using a panel of 184 developed and emerging economies from 1970 to 2009, the empirical analysis finds that the structure of the financial account has an important influence on financial stability. A key result is that a bias in external liabilities towards debt strongly increases the risk of a systemic banking crisis. Moreover, certain forms of international financial integration are found to amplify contagion shocks and increase crisis risk, such as integration through international bank lending, and in particular through short-term bank debt
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Ahrend, Rudiger
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Goujard, Antoine
Series statement
OECD Economics Department Working Papers,
Series volume
no.902
http://library.link/vocab/subjectName
Economics
Label
Drivers of Systemic Banking Crises : The Role of Bank-Balance-Sheet Contagion and Financial Account Structure, Rudiger Ahrend and Antoine Goujard, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762088557
Dimensions
21 x 30 cm
Extent
1 online resource 44 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kg3k8ksgglw-en
Specific material designation
remote
System control number
(OCoLC)762088557
Label
Drivers of Systemic Banking Crises : The Role of Bank-Balance-Sheet Contagion and Financial Account Structure, Rudiger Ahrend and Antoine Goujard, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762088557
Dimensions
21 x 30 cm
Extent
1 online resource 44 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kg3k8ksgglw-en
Specific material designation
remote
System control number
(OCoLC)762088557

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