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Interconnectedness and Systemic Risk: Lessons from the Financial Crisis and Policy Implications : a speech at the American Economic Association/American Finance Association Joint Luncheon, San Diego, California, January 4, 2013

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  • Janet L. Yellen

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  • Janet L. Yellen, 2013. "Interconnectedness and Systemic Risk: Lessons from the Financial Crisis and Policy Implications : a speech at the American Economic Association/American Finance Association Joint Luncheon, San Diego, ," Speech 631, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgsq:631
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    References listed on IDEAS

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    1. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
    2. Freixas, Xavier & Parigi, Bruno M & Rochet, Jean-Charles, 2000. "Systemic Risk, Interbank Relations, and Liquidity Provision by the Central Bank," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(3), pages 611-638, August.
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    Cited by:

    1. Angela Armakolla & Benedetta Bianchi, 2017. "The European central counterparty (CCP) ecosystem," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Data needs and Statistics compilation for macroprudential analysis, volume 46, Bank for International Settlements.
    2. Adrian Alter & Ben R. Craig & Peter Raupach, 2015. "Centrality-Based Capital Allocations," International Journal of Central Banking, International Journal of Central Banking, vol. 11(3), pages 329-377, June.
    3. Acosta, Román & Cortés, Josué, 2022. "Loans and employment: Evidence from bank-specific liquidity shocks," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(2).
    4. Anja Kukuvec & Harald Oberhofer, 2018. "The propagation of business sentiment within the European Union," Department of Economics Working Papers wuwp257, Vienna University of Economics and Business, Department of Economics.
    5. Alessandro Ferracci & Giulio Cimini, 2021. "Systemic risk in interbank networks: disentangling balance sheets and network effects," Papers 2109.14360, arXiv.org, revised Sep 2022.
    6. Giulio Bottazzi & Alessandro De Sanctis & Fabio Vanni, 2016. "Non-performing loans, systemic risk and resilience in financial networks," LEM Papers Series 2016/08, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    7. Mardi Dungey & Moses Kangogo & Vladimir Volkov, 2022. "Dynamic effects of network exposure on equity markets," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 12(4), pages 569-629, December.
    8. Jean Pierre Sabourin & Thomas M. Hoenig & Jonathan L. Fiechter & Michael J. Zamorski & Karl Frederick Rauscher & Didier Verstichel & Dr. Zeti Akhtar Aziz, 2016. "SEACEN Financial Stability Journal Volume 6 2016," SEACEN Financial Stability Journal, South East Asian Central Banks (SEACEN) Research and Training Centre, number sfv6.
    9. Cecchetti, Stephen & Berner, Richard & Schoenholtz, Kermit L., 2019. "Stress Testing Networks: The Case of Central Counterparties," CEPR Discussion Papers 13604, C.E.P.R. Discussion Papers.
    10. Gabriele Visentin & Stefano Battiston & Marco D'Errico, 2016. "Rethinking Financial Contagion," Papers 1608.07831, arXiv.org.
    11. Ying Xu & Jennifer Corbett, 2019. "Using Network Method to Measure Financial Interconnection," NBER Working Papers 26499, National Bureau of Economic Research, Inc.
    12. Harald Oberhofer & Christian Glocker & Werner Hölzl & Peter Huber & Serguei Kaniovski & Klaus Nowotny & Michael Pfaffermayr & Monique Ebell & Nikolaos Kontogiannis, 2016. "Single Market Transmission Mechanisms Before, During and After the 2008-09 Crisis. A Quantitative Assessment," WIFO Studies, WIFO, number 59156, June.
    13. Daisuke Ikeda & Mayumi Ojima & Koji Takahashi, 2019. "Financial Interconnectedness, Amplification, and Cross-Border Activity," Bank of Japan Working Paper Series 19-E-11, Bank of Japan.
    14. International Monetary Fund, 2014. "Denmark: Financial Sector Assessment Program, Macroprudential Policies: Technical Note," IMF Staff Country Reports 2014/347, International Monetary Fund.
    15. Alan Kirman, 2016. "Complexity and Economic Policy: A Paradigm Shift or a Change in Perspective? A Review Essay on David Colander and Roland Kupers's Complexity and the Art of Public Policy," Journal of Economic Literature, American Economic Association, vol. 54(2), pages 534-572, June.
    16. Lambert, David & Vanni, Fabio, 2018. "Complexity and heterogeneity in a dynamic network," Chaos, Solitons & Fractals, Elsevier, vol. 108(C), pages 94-103.
    17. Isaac M. Sonin & Konstantin Sonin, 2017. "Banks as Tanks: A Continuous-Time Model of Financial Clearing," Papers 1705.05943, arXiv.org, revised Jul 2020.
    18. Roukny, Tarik & Battiston, Stefano & Stiglitz, Joseph E., 2018. "Interconnectedness as a source of uncertainty in systemic risk," Journal of Financial Stability, Elsevier, vol. 35(C), pages 93-106.
    19. Sonin, Konstantin & Sonin, Isaac, 2020. "A Continuous-Time Model of Financial Clearing," CEPR Discussion Papers 15117, C.E.P.R. Discussion Papers.
    20. Sarmiento Paipilla, Miguel, 2019. "Essays on banking, financial intermediation and financial markets," Other publications TiSEM 0ad63b91-b3f1-432a-8dfd-4, Tilburg University, School of Economics and Management.
    21. Blaise Gadanecz & Bruno Tissot & Mariagnese Branchi & Mario Ascolese, 2016. "The sharing of micro data – a central bank perspective," IFC Reports 6, Bank for International Settlements.
    22. Mahdi Kohan Sefidi, 2025. "Predicting Financial Market Crises using Multilayer Network Analysis and LSTM-based Forecasting of Spillover Effects," Papers 2505.11019, arXiv.org.
    23. Shouwei Li & Jianmin He, 2016. "Loss distribution of systemic defaults in different interbank networks," International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd., vol. 27(10), pages 1-9, October.
    24. Xiaoye Jin, 2024. "Salience theory value spillovers between China’s systemically important banks: evidence from quantile connectedness," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-39, December.
    25. Bellavite Pellegrini, Carlo & Sergi, Bruno & Sironi, Emiliano, 2015. "Stock Returns, Productivity, and Corruption in Eight European Fast-Emerging Markets," MPRA Paper 104651, University Library of Munich, Germany, revised 2015.

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