Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?

Eugenio Cerutti, Stijn Claessens () and Patrick McGuire

No 18531, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or asset class can have a sizable impact on the stability of institutions and markets around the world. But systemic risk analysis is severely hampered by the lack of consistent data that capture the international dimensions of finance. While currently available data can be used more effectively, supervisors and other agencies need more and better data to construct even rudimentary measures of risks in the international financial system. Similarly, market participants need better information on aggregate positions and linkages to appropriately monitor and price risks. Ongoing initiatives that will help in closing data gaps include the G20 Data Gaps Initiative, which recommends the collection of consistent bank-level data for joint analyses and enhancements to existing sets of aggregate statistics, and the enhancement to the BIS international banking statistics.

JEL-codes: F21 F34 G15 G18 Y1 (search for similar items in EconPapers)
Date: 2012-11
New Economics Papers: this item is included in nep-ban, nep-cba and nep-rmg
Note: IFM
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Published as Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed? , Eugenio Cerutti, Stijn Claessens, Patrick McGuire. in Risk Topography: Systemic Risk and Macro Modeling , Brunnermeier and Krishnamurthy. 2014
Published as Eugenio Cerutti & Patrick McGuire & Stijn Claessens, 2011. "Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?," IMF Working Papers, vol 11(222).

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Related works:
Chapter: Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed? (2012)
Working Paper: Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed? (2011)
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