NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?

Eugenio Cerutti, Stijn Claessens, Patrick McGuire

NBER Working Paper No. 18531
Issued in November 2012
NBER Program(s):   IFM

The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or asset class can have a sizable impact on the stability of institutions and markets around the world. But systemic risk analysis is severely hampered by the lack of consistent data that capture the international dimensions of finance. While currently available data can be used more effectively, supervisors and other agencies need more and better data to construct even rudimentary measures of risks in the international financial system. Similarly, market participants need better information on aggregate positions and linkages to appropriately monitor and price risks. Ongoing initiatives that will help in closing data gaps include the G20 Data Gaps Initiative, which recommends the collection of consistent bank-level data for joint analyses and enhancements to existing sets of aggregate statistics, and the enhancement to the BIS international banking statistics.

download in pdf format
   (1147 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w18531

Published: Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed?, Eugenio Cerutti, Stijn Claessens, Patrick McGuire. in Risk Topography: Systemic Risk and Macro Modeling, Brunnermeier and Krishnamurthy. 2014

Users who downloaded this paper also downloaded these:
Brunnermeier and Oehmke w18398 Bubbles, Financial Crises, and Systemic Risk
Hansen w18505 Challenges in Identifying and Measuring Systemic Risk
Acemoglu, Ozdaglar, and Tahbaz-Salehi w18727 Systemic Risk and Stability in Financial Networks
Aizenman and Noy w18527 Macroeconomic Adjustment and the History of Crises in Open Economies
Greenwood, Landier, and Thesmar w18537 Vulnerable Banks
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us