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Assessing Systemic Trade Interconnectedness :, An Empirical Approach, Alexander Massara, Luca Errico

The paper focuses on systemically important jurisdictions in the global trade network, complementing recent IMF work on systemically important financial sectors. Using the IMF's Direction of Trade Statistics (DOTS) database and network analysis, the paper develops a framework for ranking jurisdictions based on trade size and trade interconnectedness indicators using data for 2000 and 2010. The results show a near perfect overlap between the top 25 systemically important trade and financial jurisdictions, suggesting that these ought to be the focus of risk-based surveillance on cross-border spillovers and contagion. In addition, a number of extensions to the approach are developed that can provide a better understanding of trade dynamics at the bilateral, regional, and global levels
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Analytical Framework; A. First Stage; B. Second Stage; III. The Dataset; IV. The Results; 1. The Global Trade Network, 2010; 1. Jurisdictions with Systemically Important Trade Sectors: 2000-2010; 2. Top Imports into China and Japan, 2000-2010; V. Applications and Extensions; 3. Percent of Total Exports: 2000 vs 2010; 4. Share of Total Exports to the Systemic Regions; 5. Jurisdictions with Systemic Trade and Financial Sectors; 2. Composite Index Ranking: the Top 25 Systemic Jurisdictions, 2010; VI. Concluding Remarks
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
Form Of Item

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