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Ms. Muffet, the Spider(gram) and the Web of Macro-Financial Linkages
Author:
Ricardo Cervantes
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,
Mr. Phakawa Jeasakul
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https://orcid.org/0000-0002-2071-7987
,
Joseph Maloney
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, and
Ms. Li L Ong
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Series:
IMF Working Papers
Volume/Issue:
Volume 2014: Issue 099
Language:
English
Publication Date:
10 Jun 2014
DOI:
https://doi.org/10.5089/9781498366397.001
ISBN:
9781498366397
ISSN:
1018-5941
Pages:
43
Keywords:
WP; Bilateral; Country Financial Stability Map; Global Financial Stability Map; Ms. Muffet; macro-financial risks and conditions; multilateral; risk appetite; CFSM output; spillover risk; risk pricing; CFSM consist; CFSM component; macro-financial risks; GFSM show consistency; risk category; CFSM methodology; Financial sector stability; Global financial crisis of 2008-2009; Credit risk; Liquidity risk; Market risk; Global
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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The global financial crisis has underscored the importance of understanding macro-financial developments and spillovers in an increasingly interconnected and intricate system. At the IMF, staff is focusing on the linkages between the real economy and the financial sector, as well as the inter-relationships between global and individual-country risks. The Country Financial Stability Map provides an empirical framework for explicitly linking these various aspects of the IMF’s surveillance of its member countries. It identifies potential sources of macro-financial risks particular to a country and also enables an assessment of these risks in a global context through comparisons with the corresponding Global Financial Stability Map from the Global Financial Stability Report. The authors have developed an Excel-based tool (“Ms. Muffet”) to facilitate this analysis, which may be replicated by external users with access to the necessary databases, using the accompanying template.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund