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A network analysis of global banking :, 1978–2009, Javier Reyes, Camelia Minoiu

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Abstract
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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; Figure 1. Cross-border financial flows to advanced economies; Figure 2. Cross-border financial flows to emerging markets and developing economies; II. Related studies; III. Data and definitions; A. BIS locational statistics; B. The network; C. Network indicators; Country centrality; Network density; Figure 3. Network view of cross-border banking, 1980 and 2007; IV. Results; A. Network connectivity; Table 1. Summary statistics of network indicators; Figure 4. Trends in network indicators, 1978-2009
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (61 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455225002

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