Global Market Conditions and Systemic Risk:
This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of crisis. Using Markov regime-switching techniques, it shows that the Lehman Brothers failure was a watershed...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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Schriftenreihe: | IMF Working Papers
Working Paper No. 09/230 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of crisis. Using Markov regime-switching techniques, it shows that the Lehman Brothers failure was a watershed event in the crisis, although signs of heightened systemic risk could be detected as early as February 2007. In addition, we analyze the role of global market conditions to help determine when governments should begin to exit their extraordinary public support measures |
Beschreibung: | 1 Online-Ressource (22 p) |
ISBN: | 1451873778 9781451873771 |
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spelling | González-Hermosillo, Brenda Verfasser aut Global Market Conditions and Systemic Risk González-Hermosillo, Brenda Washington, D.C International Monetary Fund 2009 1 Online-Ressource (22 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/230 This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of crisis. Using Markov regime-switching techniques, it shows that the Lehman Brothers failure was a watershed event in the crisis, although signs of heightened systemic risk could be detected as early as February 2007. In addition, we analyze the role of global market conditions to help determine when governments should begin to exit their extraordinary public support measures Online-Ausg Hesse, Heiko Sonstige oth http://elibrary.imf.org/view/IMF001/10518-9781451873771/10518-9781451873771/10518-9781451873771.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | González-Hermosillo, Brenda Global Market Conditions and Systemic Risk |
title | Global Market Conditions and Systemic Risk |
title_auth | Global Market Conditions and Systemic Risk |
title_exact_search | Global Market Conditions and Systemic Risk |
title_exact_search_txtP | Global Market Conditions and Systemic Risk |
title_full | Global Market Conditions and Systemic Risk González-Hermosillo, Brenda |
title_fullStr | Global Market Conditions and Systemic Risk González-Hermosillo, Brenda |
title_full_unstemmed | Global Market Conditions and Systemic Risk González-Hermosillo, Brenda |
title_short | Global Market Conditions and Systemic Risk |
title_sort | global market conditions and systemic risk |
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