Enhancing Surveillance - Interconnectedness and Clusters

Policy Papers, March 15, 2012

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Enhancing Surveillance - Interconnectedness and Clusters

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Bibliographic details

• Published: March 15, 2012
• Series: Policy Papers

Summary and conceptual framework

• Presents a simple conceptual framework to better understand cross-border trade and financial interconnectedness.
• Countries are grouped into “clusters” on the basis of having relatively tight trade and financial connections (e.g., Asian supply chain).
• Clusters are connected to one another through “gatekeepers” (e.g., Austria is a gatekeeper to the Central and Eastern Europe, and Sweden to the Baltics).
• Countries that are central to the whole network are in the “core” (the systemic-5).
• By mapping this architecture of cross-border trade and financial interconnectedness, the papers provide—at a glance—an easy way to comprehend the direct and indirect linkages of countries.
• The papers suggest that gatekeepers in particular can play a role in dampening or amplifying and propagating shocks, and this role depends on the economic context and policy space.

Key facts and metadata

• Publication title: Enhancing Surveillance - Interconnectedness and Clusters
• Publication date: March 15, 2012
• Format citation shown: Enhancing Surveillance - Interconnectedness and Clusters, (USA: International Monetary Fund, 0) accessed 9/18/2026
• Subject: Bilateral trade, Business cycles, Economic integration, Financial stability, Monetary policy, Surveillance, Trade integration
• Publication Details:
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Analytical implications highlighted

• Clusters and gatekeepers provide an organizing concept to identify direct and indirect linkages across countries.
• Gatekeepers can both dampen and amplify shocks; the net effect depends on the underlying economic context and available policy space.
• Identifying the “core” (systemic-5) helps flag countries central to the entire network for focused surveillance.

Source: Enhancing Surveillance - Interconnectedness and Clusters, March 15, 2012.

Content in this bundle

• Enhancing Surveillance: Interconnectedness and Clusters; Imf Policy Paper; March 15, 2012
  • Enhancing Surveillance: Interconnectedness and Clusters; Imf Policy Paper; March 15, 2012 (Markdown version)
  • Enhancing Surveillance: Interconnectedness and Clusters; Imf Policy Paper; March 15, 2012 (PDF)