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Author/Editor:
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Al-Darwish, Ahmed I ; Hafeman, Michael ; Impavido, Gregorio ; Kemp, Malcolm ; O'Malley, Padraic
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Publication Date:
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August 01, 2011
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Electronic Access:
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Free Full text
(PDF file size is 1,439KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
In today’s financial system, complex financial institutions are connected through an opaque network of financial exposures. These connections contribute to financial deepening and greater savings allocation efficiency, but are also unstable channels of contagion. Basel III and Solvency II should improve the stability of these connections, but could have unintended consequences for cost of capital, funding patterns, interconnectedness, and risk migration.
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Order a print copy
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Series:
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Working Paper No. 11/187
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Subject(s):
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Accounting | Bank supervision | Banks | Basel Core Principles | Capital | Financial institutions | Insurance | Insurance supervision | Standards and codes
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Author's Keyword(s):
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Basel III | Solvency II | Cost of Capital | Funding | Interconnectedness. |
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English
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Publication Date:
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August 01, 2011
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Format:
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Paper
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Stock No:
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WPIEA2011187
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Pages:
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70
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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