Dissertation/Thesis Abstract

Interconnectedness, Vulnerabilities, and Crisis Spillovers: Implications for the New Financial Stability Framework
by Tintchev, Kalin Iliev, Ph.D., The George Washington University, 2014, 183; 3610421
Abstract (Summary)

The global crisis has turned the spotlight on the channels of shock transmission across countries, sectors, and markets. Particular emphasis has been placed on the role of interconnectedness and systemic vulnerabilities in the crisis propagation. The crisis has also rekindled efforts to re-examine the existing financial stability framework, which in many countries includes financial stability reports published by central banks with the aim to monitor systemic risks. I examine three questions that aim to broaden our understanding of the shock transmission channels during the crisis and the effectiveness of financial stability reports as a risk-monitoring tool: (1) What was driving the shock propagation in international interbank markets? (2) Are nonfinancial firms that operate in countries with banking problems more prone to financial distress? (3) Is there an empirical link between the publication of financial stability reports and financial stability?

Indexing (document details)
Advisor: Kaminsky, Graciela
Commitee: Bradley, Michael D., Claessens, Stijn, Shambaugh, Jay C., Sinclair, Tara
School: The George Washington University
Department: Economics
School Location: United States -- District of Columbia
Source: DAI-A 75/05(E), Dissertation Abstracts International
Source Type: DISSERTATION
Subjects: Economics, Finance
Keywords: Contagion, Counterparty risk, Financial stability, International finance, Liquidity risk
Publication Number: 3610421
ISBN: 9781303701757
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