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Cross-Border Financial Surveillance: A Network Perspective
Author:
Mr. Juan Sole
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Marco A Espinosa-Vega null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2010: Issue 105
Language:
English
Publication Date:
01 Apr 2010
DOI:
https://doi.org/10.5089/9781455200641.001
ISBN:
9781455200641
ISSN:
1018-5941
Pages:
27
Keywords:
WP; financial system; bank
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Effective cross-border financial surveillance requires the monitoring of direct and indirect systemic linkages. This paper illustrates how network analysis could make a significant contribution in this regard by simulating different credit and funding shocks to the banking systems of a number of selected countries. After that, we show that the inclusion of risk transfers could modify the risk profile of entire financial systems, and thus an enriched simulation algorithm able to account for risk transfers is proposed. Finally, we discuss how some of the limitations of our simulations are a reflection of existing information and data gaps, and thus view these shortcomings as a call to improve the collection and analysis of data on cross-border financial exposures.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund