Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/88709
Authors: 
Aldasoro, Iñaki
Angeloni, Ignazio
Year of Publication: 
2013
Series/Report no.: 
SAFE Working Paper Series 29
Abstract: 
The analyses of intersectoral linkages of Leontief (1941) and Hirschman (1958) provide a natural way to study the transmission of risk among interconnected banks and to measure their systemic importance. In this paper we show how classic input-output analysis can be applied to banking and how to derive six indicators that capture different aspects of systemic importance, using a simple numerical example for illustration. We also discuss the relationship with other approaches, most notably network centrality measures, both formally and by means of a simulated network.
Subjects: 
banks
input-output
systemic risk
too-interconnected-to-fail
networks
interbank markets
JEL: 
C67
G00
G01
G20
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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