A network analysis of global banking:1978-2009

WPIEA2011074 Image
Price:  $18.00

Author/Editor: Camelia Minoiu, Javier A. Reyes
Release Date: © April, 2011
ISBN : 978-1-45522-705-1
Stock #: WPIEA2011074
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes
PDFYes

Description

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.

Taxonomy

Financial crisis , International financial system




More publications in this series: Working Papers


More publications by: Camelia Minoiu ; Javier A. Reyes