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Tesi etd-04162012-105227


Thesis type
Tesi di laurea specialistica
Author
RICCI, MATTIA
email address
m.ricci@sssup.it
URN
etd-04162012-105227
Title
The impact of the financial crisis on the international financial network
Struttura
ECONOMIA
Corso di studi
SCIENZE ECONOMICHE
Supervisors
relatore Prof. Fagiolo, Giorgio
relatore Dott. Grande, Giuseppe
relatore Dott.ssa Sigalotti, Laura
Parole chiave
  • international financial network
  • centrality
  • network analysis
  • crisis
Data inizio appello
30/04/2012;
Consultabilità
Parziale
Data di rilascio
30/04/2052
Riassunto analitico
In this research we explore the impact of the financial crisis over the network of cross-border bank loans. Specifically, we employ the network analysis over the Bank for International Settlements database of Locational and Consolidated cross-border bilateral expositions. These data allow us to deal with two different issues. With Locational data, we study the evolution of the financial centers centrality and we assess the major changes that have occurred during crisis. With Consolidated data, we investigate lending patterns and trends in concentration. We document a relatively stability of the major financial centers centrality with most important changes having occurred at the level of developing countries and offshore centers. Moreover, the 2008–09 global financial crisis, and the following sovereign debt crisis, have determined a large re-positioning of countries international lending with important spillovers on concentration and systemic risk.
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