Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?
NBER Working Paper No. 18531
---- Acknowledgements ----
This paper was also published as IMF Working Paper 11/222 and BIS Working Paper 376. Eugenio Cerutti and Stijn Claessens are at the International Monetary Fund. Patrick McGuire is at the Bank for International Settlements. We would like to thank Markus Brunnermeier, Giovanni Dell'Ariccia, Robert Heath and Arvind Krishnamurthy for their helpful comments and suggestions. A shorter version of this paper will be issued in a volume as part of the NBER Systemic Risk Measurement Initiative. The views expressed herein are those of the authors and do not necessarily reflect the views of the IMF, its board of directors, or the National Bureau of Economic Research.