A Network Analysis of Sectoral Accounts
A Network Analysis of Sectoral Accounts

Author: Luiza Antoun de Almeida

Publisher: International Monetary Fund

Published: 2015-05-19

Total Pages: 41

ISBN-13: 1513509292

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The recent financial crisis highlighted that balance sheet exposures can be a major shock transmission channel. Using sectoral accounts data in combination with data from the Coordinated Portfolio Investment Survey, International Investment Position, and BIS this paper estimates bilateral exposures between financial and non-financial sectors in three different financial instruments within and across G-4 economies (Euro Area, Japan, U.K. and U.S.). The generated financial networks represent a powerful tool for assessing financial stability, as they allow for the identification of systemically important sectors. The analysis suggests that after the financial crisis bilateral exposures in debt securities have increased, while exposures in loans and equities have declined. Shock simulations reveal that the vulnerability of the financial sector to the government sector has increased considerably since the outbreak of the financial crisis.

Data Science for Economics and Finance
Data Science for Economics and Finance

Author: Sergio Consoli

Publisher: Springer Nature

Published: 2021

Total Pages: 357

ISBN-13: 3030668916

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This open access book covers the use of data science, including advanced machine learning, big data analytics, Semantic Web technologies, natural language processing, social media analysis, time series analysis, among others, for applications in economics and finance. In addition, it shows some successful applications of advanced data science solutions used to extract new knowledge from data in order to improve economic forecasting models. The book starts with an introduction on the use of data science technologies in economics and finance and is followed by thirteen chapters showing success stories of the application of specific data science methodologies, touching on particular topics related to novel big data sources and technologies for economic analysis (e.g. social media and news); big data models leveraging on supervised/unsupervised (deep) machine learning; natural language processing to build economic and financial indicators; and forecasting and nowcasting of economic variables through time series analysis. This book is relevant to all stakeholders involved in digital and data-intensive research in economics and finance, helping them to understand the main opportunities and challenges, become familiar with the latest methodological findings, and learn how to use and evaluate the performances of novel tools and frameworks. It primarily targets data scientists and business analysts exploiting data science technologies, and it will also be a useful resource to research students in disciplines and courses related to these topics. Overall, readers will learn modern and effective data science solutions to create tangible innovations for economic and financial applications.

Balance Sheet Network Analysis of Too-Connected-to-Fail Risk in Global and Domestic Banking Systems
Balance Sheet Network Analysis of Too-Connected-to-Fail Risk in Global and Domestic Banking Systems

Author: Mr.Jorge A. Chan-Lau

Publisher: International Monetary Fund

Published: 2010-04-01

Total Pages: 27

ISBN-13: 1455200662

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The 2008/9 financial crisis highlighted the importance of evaluating vulnerabilities owing to interconnectedness, or Too-Connected-to-Fail risk, among financial institutions for country monitoring, financial surveillance, investment analysis and risk management purposes. This paper illustrates the use of balance sheet-based network analysis to evaluate interconnectedness risk, under extreme adverse scenarios, in banking systems in mature and emerging market countries, and between individual banks in Chile, an advanced emerging market economy.

Cross-Border Financial Surveillance
Cross-Border Financial Surveillance

Author: Marco A Espinosa-Vega

Publisher: International Monetary Fund

Published: 2010-04-01

Total Pages: 29

ISBN-13: 1455200646

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Effective cross-border financial surveillance requires the monitoring of direct and indirect systemic linkages. This paper illustrates how network analysis could make a significant contribution in this regard by simulating different credit and funding shocks to the banking systems of a number of selected countries. After that, we show that the inclusion of risk transfers could modify the risk profile of entire financial systems, and thus an enriched simulation algorithm able to account for risk transfers is proposed. Finally, we discuss how some of the limitations of our simulations are a reflection of existing information and data gaps, and thus view these shortcomings as a call to improve the collection and analysis of data on cross-border financial exposures.

A Network Analysis of Sectoral Accounts
A Network Analysis of Sectoral Accounts

Author: Luiza Antoun de Almeida

Publisher: International Monetary Fund

Published: 2015-05-19

Total Pages: 41

ISBN-13: 1513523104

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The recent financial crisis highlighted that balance sheet exposures can be a major shock transmission channel. Using sectoral accounts data in combination with data from the Coordinated Portfolio Investment Survey, International Investment Position, and BIS this paper estimates bilateral exposures between financial and non-financial sectors in three different financial instruments within and across G-4 economies (Euro Area, Japan, U.K. and U.S.). The generated financial networks represent a powerful tool for assessing financial stability, as they allow for the identification of systemically important sectors. The analysis suggests that after the financial crisis bilateral exposures in debt securities have increased, while exposures in loans and equities have declined. Shock simulations reveal that the vulnerability of the financial sector to the government sector has increased considerably since the outbreak of the financial crisis.

Interconnectedness and Contagion Analysis: A Practical Framework
Interconnectedness and Contagion Analysis: A Practical Framework

Author: Mrs.Jana Bricco

Publisher: International Monetary Fund

Published: 2019-10-11

Total Pages: 49

ISBN-13: 1513517856

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The analysis of interconnectedness and contagion is an important part of the financial stability and risk assessment of a country’s financial system. This paper offers detailed and practical guidance on how to conduct a comprehensive analysis of interconnectedness and contagion for a country’s financial system under various circumstances. We survey current approaches at the IMF for analyzing interconnectedness within the interbank, cross-sector and cross-border dimensions through an overview and examples of the data and methodologies used in the Financial Sector Assessment Program. Finally, this paper offers practical advice on how to interpret results and discusses potential financial stability policy recommendations that can be drawn from this type of in-depth analysis.

Green Industrial Restructuring
Green Industrial Restructuring

Author: Manfred Binder

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 458

ISBN-13: 3662044196

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Starting from this dematerialization hypothesis, for the first time comparative case-studies analyse in detail the driving forces of industrial restructuring of different industries and countries in Europe where such a decline has been observed at least temporarily.

Bank Network Analysis in the ECCU
Bank Network Analysis in the ECCU

Author: Mr.Balazs Csonto

Publisher: International Monetary Fund

Published: 2018-07-12

Total Pages: 32

ISBN-13: 1484367502

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This paper applies network analysis to assess the extent of systemic vulnerabilities in the ECCU banking system. It includes two sets of illustrative stress tests. First, solvency and liquidity shocks to each individual bank and the impact on other banks in the network through their biltareal net asset exposures. Second, country and region-wide tail shocks to GDP affecting capital and liquidity of all banks in the shocked jurisdictions, followed by the rippling effects through the regional network. The results identify systemic institutions that merit hightened attention by the regulator, as determined by the degree of connectivity with the rest of the system, and the extent to which they are vulnerable to the failure of other banks.

Network Policy Making within the Turkish Health Sector
Network Policy Making within the Turkish Health Sector

Author: Julinda Hoxha

Publisher: Emerald Group Publishing

Published: 2020-03-13

Total Pages: 180

ISBN-13: 1838670963

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This book presents findings produced by micro- and meso-level analysis of policy networks using the Turkish context as a new case study and demonstrates that networks have become an integral part of the practice of policy making within the Turkish health sector.