Regional Financial Interlinkages and Financial Contagion within Europe
The ongoing global financial turmoil has increased the importance of understanding the potential spillover effects brought about by financial interlinkages. This article focuses on such interlinkages within Europe and potential contagion channeled through these interlinkages. It discusses the increased role of external financing as a source of funding for credit growth before the turmoil; analyzes potential channels of contagion through financial linkages; and assesses the magnitude of cross-border exposures between emerging and advanced European economies. Based on the stylized facts on these exposures, the article provides indices of exposure to regional contagion that could help identify the likely pressure points and capture potential spillover effects and propagation channels of a regional shock originating from a given country.
Volume (Year): 59 (2009)
Issue (Month): 6 (December)
|Contact details of provider:|| Postal: Opletalova 26, CZ-110 00 Prague|
Phone: +420 2 222112330
Fax: +420 2 22112304
Web page: http://ies.fsv.cuni.cz/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zsófia Arvai & Karl Driessen & Ínci Ötker-Robe, 2009.
"Regional Financial Interlinkages and Financial Contagion within Europe,"
Czech Journal of Economics and Finance (Finance a uver),
Charles University Prague, Faculty of Social Sciences, vol. 59(6), pages 522-540, December.
- Inci Ã–tker & Karl Driessen & ZsÃ³fia Ã rvai, 2009. "Regional Financial Interlinkages and Financial Contagion within Europe," IMF Working Papers 09/6, International Monetary Fund.
- Li L Ong & Andrea M. Maechler, 2009. "Foreign Banks in the CESE Countries; In for a Penny, in for a Pound?," IMF Working Papers 09/54, International Monetary Fund.
- Ceyla Pazarbasioglu & Gudrun Johnsen & Paul Louis Ceriel Hilbers & Inci Ã–tker, 2005. "Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies," IMF Working Papers 05/151, International Monetary Fund.
- Egert, Balázs & Backé, Peter & Zumer, Tina, 2006.
"Credit growth in Central and Eastern Europe: new (over)shooting stars?,"
Working Paper Series
0687, European Central Bank.
- Peter Backé & Balázs Égert, 2006. "Credit Growth in Central and Eastern Europe: New (Over)Shooting Stars?," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 112-139.
- Massimo Sbracia & Andrea Zaghini, 2001.
"The Role of the Banking System in the International Transmission of Shocks,"
Temi di discussione (Economic working papers)
409, Bank of Italy, Economic Research and International Relations Area.
- Massimo Sbracia & Andrea Zaghini, 2003. "The Role of the Banking System in the International Transmission of Shocks," The World Economy, Wiley Blackwell, vol. 26(5), pages 727-754, 05.
When requesting a correction, please mention this item's handle: RePEc:fau:fauart:v:59:y:2009:i:6:p:522-540. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lenka Herrmannova)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.