A network analysis of global banking: 1978–2009
April 1, 2011
Download PDF
More Formats on IMF eLibrary
Order a Print CopyDisclaimer: 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
Summary
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.
Subject: Bank credit, Banking, Cross-border banking, Financial crises, Financial statistics
Keywords: banking statistics, WP
Pages:
41
Volume:
2011
DOI:
---
Issue:
074
Series:
Working Paper No. 2011/074
Stock No:
WPIEA2011074
ISBN:
9781455227051
ISSN:
1018-5941
