Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?

Abstract

for their helpful comments and suggestions. A shorter version of this paper will be issued in a volume as part of the NBER Systemic Risk Measurement Initiative. The views expressed herein are those of the authors and do not necessarily reflect the views of the IMF, its board of directors, or the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization?

“…Detailed comparisons of BIS LBS and CBS data can be found in Committee on the Global Financial System (2012) andCerutti, Claessens, and McGuire (2014).©International Monetary Fund. Not for Redistribution…”

Calibrating limits for large interbank exposures from a system-wide perspective

“…Although the core-periphery structure is promising, we can conclude that more research is needed before we can support the view that a single structure has the flexibility to characterize all banking systems perfectly. Moreover, Cerutti et al (2011) add another layer of complexity, by pointing out that the type of data is a crucial element for studying interconnectedness. To solve this issue, regulators may assume that the structure in the payments system network is similar to that of the interbank market.…”

A Tale of Two Markets: How Lower-end Borrowers Are Punished for Bank Regulatory Failures in Nigeria

“…While the exact meaning of "systemic risk" remains unsettled (Cerutti et al 2012;IMF 2009), it includes the risk that the entire financial system may fail, causing a general economic collapse, as opposed to risk associated with an individual part of the system (Danielsson 2013). The potential risk of consumer lending to the stability of the financial system is higher for advanced economies, such that regulatory responses that might be justifiable in such economies, and the urgency attached thereto, will not necessarily be logical in the case of developing markets.…”