A Network Analysis Of Global Banking

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A network analysis of global banking

Ms.Camelia Minoiu,Mr.Javier A. Reyes
A network analysis of global banking Book PDF

Author : Ms.Camelia Minoiu,Mr.Javier A. Reyes
Publisher : International Monetary Fund
Page : 43 pages
File Size : 44,6 Mb
Release : 2011-04-01
Category : Business & Economics
ISBN : 9781455227051

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A network analysis of global banking by Ms.Camelia Minoiu,Mr.Javier A. Reyes Pdf

In this paper we explore the properties of the global banking network using cross-border bank lending data for 184 countries over 1978-2009. Specifically, we analyze financial interconnectedness using network metrics of centrality, connectivity, and clustering. We document a relatively unstable global banking network, with structural breaks in network indicators identifying several waves of capital flows. Interconnectedness rankings, especially for borrowers, are relatively volatile over the period. Connectivity tends to fall during and after systemic banking crises and sovereign debt crises. The 2008-09 global financial crisis stands out as an unusually large perturbation to the cross-border banking network.

Balance Sheet Network Analysis of Too-Connected-to-Fail Risk in Global and Domestic Banking Systems

Mr.Jorge A. Chan-Lau
Balance Sheet Network Analysis of Too Connected to Fail Risk in Global and Domestic Banking Systems Book PDF

Author : Mr.Jorge A. Chan-Lau
Publisher : International Monetary Fund
Page : 27 pages
File Size : 50,5 Mb
Release : 2010-04-01
Category : Business & Economics
ISBN : 9781455200665

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Balance Sheet Network Analysis of Too-Connected-to-Fail Risk in Global and Domestic Banking Systems by Mr.Jorge A. Chan-Lau Pdf

The 2008/9 financial crisis highlighted the importance of evaluating vulnerabilities owing to interconnectedness, or Too-Connected-to-Fail risk, among financial institutions for country monitoring, financial surveillance, investment analysis and risk management purposes. This paper illustrates the use of balance sheet-based network analysis to evaluate interconnectedness risk, under extreme adverse scenarios, in banking systems in mature and emerging market countries, and between individual banks in Chile, an advanced emerging market economy.

Bank Network Analysis in the ECCU

Mr.Balazs Csonto,Mr.Alejandro D Guerson,Ms.Alla Myrvoda,Emefa Sewordor
Bank Network Analysis in the ECCU Book PDF

Author : Mr.Balazs Csonto,Mr.Alejandro D Guerson,Ms.Alla Myrvoda,Emefa Sewordor
Publisher : International Monetary Fund
Page : 32 pages
File Size : 47,5 Mb
Release : 2018-07-12
Category : Business & Economics
ISBN : 9781484367506

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Bank Network Analysis in the ECCU by Mr.Balazs Csonto,Mr.Alejandro D Guerson,Ms.Alla Myrvoda,Emefa Sewordor Pdf

This paper applies network analysis to assess the extent of systemic vulnerabilities in the ECCU banking system. It includes two sets of illustrative stress tests. First, solvency and liquidity shocks to each individual bank and the impact on other banks in the network through their biltareal net asset exposures. Second, country and region-wide tail shocks to GDP affecting capital and liquidity of all banks in the shocked jurisdictions, followed by the rippling effects through the regional network. The results identify systemic institutions that merit hightened attention by the regulator, as determined by the degree of connectivity with the rest of the system, and the extent to which they are vulnerable to the failure of other banks.

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

Mr.Eugenio M Cerutti,Haonan Zhou
The Global Banking Network in the Aftermath of the Crisis Is There Evidence of De globalization Book PDF

Author : Mr.Eugenio M Cerutti,Haonan Zhou
Publisher : International Monetary Fund
Page : 45 pages
File Size : 46,7 Mb
Release : 2017-11-07
Category : Business & Economics
ISBN : 9781484328538

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The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization? by Mr.Eugenio M Cerutti,Haonan Zhou Pdf

Post-crisis dynamics show a shrinkage in the overall amount of crossborder bank lending, which has been interpreted in the literature as a retreat in financial globalization. In this paper, we argue that aggregate figures are not sufficient to support such a claim in terms of the overall structure of the global banking network. Based on a systematic approach to measuring, mapping and analyzing financial interconnectedness among countries using network theory, we show that, despite the decline in aggregate lending volumes, the structure of the network has developed increased connections in some dimensions. Some parts of the network are currently more interlinked regionally than before the crisis, and less dependent on major global lenders. In this context, at a more disaggregate level, we document the characteristics of the increasing regionalization of lending flows, the different evolution of linkages through bank affiliates and direct cross-border claims, as well as the shift in the importance of key borrower and lender nodes. These changes in the banking network have important insights in terms of policy implications since they indicate that the global banking network has evolved, but it has not undergone a generalized retrenchment in financial linkages.

SYSTEMIC RISK IN BANKING

Lorenzo Pagliaro
SYSTEMIC RISK IN BANKING Book PDF

Author : Lorenzo Pagliaro
Publisher : American Academic Press
Page : 132 pages
File Size : 49,5 Mb
Release : 2020-01-28
Category : Business & Economics
ISBN : 9781631816659

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SYSTEMIC RISK IN BANKING by Lorenzo Pagliaro Pdf

Shortly after the financial crisis of 2007-2008 many authors began to write about certain “huge institutions” potentially able to damage the entire financial system through negative shocks, approaching the issue of systemic risk in banking through the evaluation of the so called “Too-Big-to-Fail” actors. While the size of a bank is certainly a factor of risk when considering systemic implications, this book also explores the properties of some deeply interconnected institutions. The author’s main intuition is based on the renowned work by Mark Granovetter on “The Strength of Weak Ties” and “Economic Action and Social Structure: The Problem of Embeddedness”: dangerous flows, like financial shocks, may travel very quickly through networks in unexpectedly efficient ways thanks to “Weak Ties”. The existence of weaker yet longer ties implies a naturally “robust yet fragile” network where even distant actors are closely interconnected, sharing both opportunities and risks. As a consequence, some nodes may act as key actors under the structural perspective. It is therefore critical for the central authority to identify and closely monitor said institutions. Thanks to a journey through the history of Social Network Analysis this book offers a complete overview on the evolution of the methodology and the most recent applications to systemic risk assessment, which are completed by a critical approach towards the “Too-Interconnected-to-Fail” perspective.

Bank Network Analysis in the ECCU

Mr.Balazs Csonto,Mr.Alejandro D Guerson,Ms.Alla Myrvoda,Emefa Sewordor
Bank Network Analysis in the ECCU Book PDF

Author : Mr.Balazs Csonto,Mr.Alejandro D Guerson,Ms.Alla Myrvoda,Emefa Sewordor
Publisher : International Monetary Fund
Page : 32 pages
File Size : 45,6 Mb
Release : 2018-07-12
Category : Business & Economics
ISBN : 9781484368503

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Bank Network Analysis in the ECCU by Mr.Balazs Csonto,Mr.Alejandro D Guerson,Ms.Alla Myrvoda,Emefa Sewordor Pdf

This paper applies network analysis to assess the extent of systemic vulnerabilities in the ECCU banking system. It includes two sets of illustrative stress tests. First, solvency and liquidity shocks to each individual bank and the impact on other banks in the network through their biltareal net asset exposures. Second, country and region-wide tail shocks to GDP affecting capital and liquidity of all banks in the shocked jurisdictions, followed by the rippling effects through the regional network. The results identify systemic institutions that merit hightened attention by the regulator, as determined by the degree of connectivity with the rest of the system, and the extent to which they are vulnerable to the failure of other banks.

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

Mr.Eugenio M Cerutti,Haonan Zhou
The Global Banking Network in the Aftermath of the Crisis Is There Evidence of De globalization Book PDF

Author : Mr.Eugenio M Cerutti,Haonan Zhou
Publisher : International Monetary Fund
Page : 45 pages
File Size : 46,5 Mb
Release : 2017-11-07
Category : Business & Economics
ISBN : 9781484324868

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The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization? by Mr.Eugenio M Cerutti,Haonan Zhou Pdf

Post-crisis dynamics show a shrinkage in the overall amount of crossborder bank lending, which has been interpreted in the literature as a retreat in financial globalization. In this paper, we argue that aggregate figures are not sufficient to support such a claim in terms of the overall structure of the global banking network. Based on a systematic approach to measuring, mapping and analyzing financial interconnectedness among countries using network theory, we show that, despite the decline in aggregate lending volumes, the structure of the network has developed increased connections in some dimensions. Some parts of the network are currently more interlinked regionally than before the crisis, and less dependent on major global lenders. In this context, at a more disaggregate level, we document the characteristics of the increasing regionalization of lending flows, the different evolution of linkages through bank affiliates and direct cross-border claims, as well as the shift in the importance of key borrower and lender nodes. These changes in the banking network have important insights in terms of policy implications since they indicate that the global banking network has evolved, but it has not undergone a generalized retrenchment in financial linkages.

Models, Algorithms and Technologies for Network Analysis

Valery A. Kalyagin,Petr A. Koldanov,Panos M. Pardalos
Models Algorithms and Technologies for Network Analysis Book PDF

Author : Valery A. Kalyagin,Petr A. Koldanov,Panos M. Pardalos
Publisher : Springer
Page : 340 pages
File Size : 46,8 Mb
Release : 2016-10-20
Category : Computers
ISBN : 9783319296081

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Models, Algorithms and Technologies for Network Analysis by Valery A. Kalyagin,Petr A. Koldanov,Panos M. Pardalos Pdf

The contributions in this volume cover a broad range of topics including maximum cliques, graph coloring, data mining, brain networks, Steiner forest, logistic and supply chain networks. Network algorithms and their applications to market graphs, manufacturing problems, internet networks and social networks are highlighted. The "Fourth International Conference in Network Analysis," held at the Higher School of Economics, Nizhny Novgorod in May 2014, initiated joint research between scientists, engineers and researchers from academia, industry and government; the major results of conference participants have been reviewed and collected in this Work. Researchers and students in mathematics, economics, statistics, computer science and engineering will find this collection a valuable resource filled with the latest research in network analysis.

The Systemic Impact of Debt Default in a Multilayered Global Network Model

Mr. Nathan Porter,Mr. Camilo E Tovar Mora,Mr. Juan P Trevino,Johannes Eugster,Theofanis Papamichalis
The Systemic Impact of Debt Default in a Multilayered Global Network Model Book PDF

Author : Mr. Nathan Porter,Mr. Camilo E Tovar Mora,Mr. Juan P Trevino,Johannes Eugster,Theofanis Papamichalis
Publisher : International Monetary Fund
Page : 25 pages
File Size : 41,9 Mb
Release : 2022-09-02
Category : Business & Economics
ISBN : 9798400218712

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The Systemic Impact of Debt Default in a Multilayered Global Network Model by Mr. Nathan Porter,Mr. Camilo E Tovar Mora,Mr. Juan P Trevino,Johannes Eugster,Theofanis Papamichalis Pdf

The world has become more interconnected over the past few decades. Against this backdrop, economic and financial contagion following adverse shocks can have a severe impact on the global economy. How systemic can the effects of contagion be? What specific transmission channels are involved? What is their relative importance? We address these questions using a multilayered global network model of contagion that simulates the impact of sovereign debt default on the global economy. We also develop a measure of global systemic risk and use bank stress testing techniques to quantify the systemic impact of the shock and the extent of contagion on the global economy. Our model shows that economic and financial contagion are highly non-linear, and many bystander economies can experience significant negative effects as the initial default is spread through the network. This suggests that many economies might be systemically more important than what conventional measures of size or openness might suggest.

Assessing the Fragility of Global Trade

Ms.Yevgeniya Korniyenko,Magali Pinat,Brian Dew
Assessing the Fragility of Global Trade Book PDF

Author : Ms.Yevgeniya Korniyenko,Magali Pinat,Brian Dew
Publisher : International Monetary Fund
Page : 38 pages
File Size : 47,5 Mb
Release : 2017-02-13
Category : Business & Economics
ISBN : 9781475578515

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Assessing the Fragility of Global Trade by Ms.Yevgeniya Korniyenko,Magali Pinat,Brian Dew Pdf

Anecdotal evidence suggests the existence of specific choke points in the global trade network revealed especially after natural disasters (e.g. hard drive components and Thailand flooding, Japanese auto components post-Fukushima, etc.). Using a highly disaggregated international trade database we assess the spillover effects of supply shocks from the import of specific goods. Our goal is to identify inherent vulnerabilities arising from the composition of a country’s import basket and to propose effective mitigation policies. First, using network analysis tools we develop a methodology for evaluating and ranking the supply fragility of individual traded goods. Next, we create a country-level measure to determine each country’s supply shock vulnerability based on the composition of their individual import baskets. This measure evaluates the potential negative supply shock spillovers from the import of each good.

Crisis Transmission in the Global Banking Network

Galina Hale,Mr.Tümer Kapan,Ms.Camelia Minoiu
Crisis Transmission in the Global Banking Network Book PDF

Author : Galina Hale,Mr.Tümer Kapan,Ms.Camelia Minoiu
Publisher : International Monetary Fund
Page : 38 pages
File Size : 42,6 Mb
Release : 2016-04-12
Category : Business & Economics
ISBN : 9781475551341

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Crisis Transmission in the Global Banking Network by Galina Hale,Mr.Tümer Kapan,Ms.Camelia Minoiu Pdf

We study the transmission of financial sector shocks across borders through international bank connections. For this purpose, we use data on long-term interbank loans among more than 6,000 banks during 1997-2012 to construct a yearly global network of interbank exposures. We estimate the effect of direct (first-degree) and indirect (second-degree) exposures to countries experiencing systemic banking crises on bank profitability and loan supply. We find that direct exposures to crisis countries squeeze banks' profit margins, thereby reducing their returns. Indirect exposures to crisis countries enhance this effect, while indirect exposures to non-crisis countries mitigate it. Furthermore, crisis exposures have real effects in that they reduce banks' supply of domestic and cross-border loans. Our results, based on a large global sample, support the notion that interconnected financial systems facilitate shock transmission.

Evolution of the Global Financial Network and Contagion: A New Approach

Ms.Yevgeniya Korniyenko,Manasa Patnam,Rita Maria del Rio-Chanon,Mason A. Porter
Evolution of the Global Financial Network and Contagion A New Approach Book PDF

Author : Ms.Yevgeniya Korniyenko,Manasa Patnam,Rita Maria del Rio-Chanon,Mason A. Porter
Publisher : International Monetary Fund
Page : 41 pages
File Size : 54,7 Mb
Release : 2018-05-15
Category : Business & Economics
ISBN : 9781484356586

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Evolution of the Global Financial Network and Contagion: A New Approach by Ms.Yevgeniya Korniyenko,Manasa Patnam,Rita Maria del Rio-Chanon,Mason A. Porter Pdf

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.

Central Banking

Thammarak Moenjak
Central Banking Book PDF

Author : Thammarak Moenjak
Publisher : John Wiley & Sons
Page : 341 pages
File Size : 45,6 Mb
Release : 2014-10-13
Category : Business & Economics
ISBN : 9781118832462

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Central Banking by Thammarak Moenjak Pdf

Understand the theories and interpret the actions of modern central banks Central Banking takes a comprehensive look at the topic of central banking, and provides readers with an understanding and insights into the roles and functions of modern central banks in advanced as well as emerging economies, theories behind their thinking, and actual operations practices. The book takes a systematic approach to the topic, while providing an accessible format and style that is appropriate for general audiences and students with only a minimal macroeconomic background. Theoretical reviews and examples of how the theories are applied in practice are presented in an easy-to-understand manner and serve as a guide for readers to further investigate specific ancillary central banking topics and as a means to make informed judgments about central bank actions. Important topics covered in the book include: Evolution of central banking functions and the international monetary system Theoretical backgrounds that are the foundation to the modern practice of monetary policy Monetary policy regimes, including exchange rate targeting, money supply growth targeting, the risk management approach, inflation targeting, and unconventional monetary policy. Actual practice in market operations and transmission mechanisms of monetary policy The exchange rate and central banking Theoretical backgrounds related to various dimensions of financial stability Current developments with regards to sustaining financial stability The future of central banking in the wake of the 2007-2010 global financial crisis Case studies on relevant practical issues and key concepts in central banking Designed as essential reading for students, market analysts, investors, and central banks' new recruits, Central Banking better positions readers to interpret the actions of central banks and to understand the complexities of their position in the global financial arena.

The Impact of the Global Financial Crisis on Banking Globalization

Mr.Stijn Claessens,Neeltje van Horen
The Impact of the Global Financial Crisis on Banking Globalization Book PDF

Author : Mr.Stijn Claessens,Neeltje van Horen
Publisher : International Monetary Fund
Page : 50 pages
File Size : 46,9 Mb
Release : 2014-10-27
Category : Business & Economics
ISBN : 9781498301435

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The Impact of the Global Financial Crisis on Banking Globalization by Mr.Stijn Claessens,Neeltje van Horen Pdf

Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OECD countries reduced their foreign presence (but still represent 89% of foreign bank assets), those from emerging markets and developing countries expanded abroad and doubled their presence. Especially advanced countries hit by a systemic crisis reduced their presence abroad, with far flung and relatively small investments more likely to be sold. Poorer and slower growing countries host fewer banks today, while large investments less likely expanded. Conversely, faster host countries’ growth and closeness to potential investors meant more entry. Lending by foreign banks locally grew more than cross-border bank claims did for the same home-host country combination, and each was driven by different factors. Altogether, our evidence shows that global banking is not becoming more fragmented, but rather is going through some important structural transformations with a greater variety of players and a more regional focus.

Data Science for Economics and Finance

Sergio Consoli,Diego Reforgiato Recupero,Michaela Saisana
Data Science for Economics and Finance Book PDF

Author : Sergio Consoli,Diego Reforgiato Recupero,Michaela Saisana
Publisher : Springer Nature
Page : 357 pages
File Size : 46,7 Mb
Release : 2021
Category : Application software
ISBN : 9783030668914

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Data Science for Economics and Finance by Sergio Consoli,Diego Reforgiato Recupero,Michaela Saisana Pdf

This open access book covers the use of data science, including advanced machine learning, big data analytics, Semantic Web technologies, natural language processing, social media analysis, time series analysis, among others, for applications in economics and finance. In addition, it shows some successful applications of advanced data science solutions used to extract new knowledge from data in order to improve economic forecasting models. The book starts with an introduction on the use of data science technologies in economics and finance and is followed by thirteen chapters showing success stories of the application of specific data science methodologies, touching on particular topics related to novel big data sources and technologies for economic analysis (e.g. social media and news); big data models leveraging on supervised/unsupervised (deep) machine learning; natural language processing to build economic and financial indicators; and forecasting and nowcasting of economic variables through time series analysis. This book is relevant to all stakeholders involved in digital and data-intensive research in economics and finance, helping them to understand the main opportunities and challenges, become familiar with the latest methodological findings, and learn how to use and evaluate the performances of novel tools and frameworks. It primarily targets data scientists and business analysts exploiting data science technologies, and it will also be a useful resource to research students in disciplines and courses related to these topics. Overall, readers will learn modern and effective data science solutions to create tangible innovations for economic and financial applications.