International Capital Mobility and Financial Fragility ‑ Part 1. Drivers of Systemic Banking Crises: The Role of Bank-Balance-Sheet Contagion and Financial Account Structure
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper examines whether the composition of a country’s external liabilities and assets has an
incidence on its risk of suffering financial turmoil. Particular emphasis is put on the role of international
financial integration, using newly-constructed measures of contagion shocks. These new measures capture
well the contagion observed e.g. in...
