Banking Sector Fragility and Systemic Sources of Fragility [electronic resource] González-Hermosillo, Brenda.

González-Hermosillo, Brenda.
Washington, D.C. : International Monetary Fund, 1996.
IMF eLibrary
IMF Working Papers; Working Paper No. 96/12.
IMF Working Papers; Working Paper No. 96/12
Government document
1 online resource (42 p.)
Local subjects:
Balance of payments crisis. (search)
Bank assets. (search)
Bank behavior. (search)
Bank closure. (search)
Bank credit. (search)
Bank deposit. (search)
Bank deposits. (search)
Bank failure. (search)
Bank failures. (search)
Bank for international settlements. (search)
Bank fragility. (search)
Bank loans. (search)
Bank management. (search)
Bank of canada. (search)
Bank performance. (search)
Bank portfolios. (search)
Bank regulation. (search)
Bank regulator. (search)
Bank regulators. (search)
Bank soundness. (search)
Bank transactions. (search)
Banking. (search)
Banking crises. (search)
Banking crisis. (search)
Banking firm. (search)
Banking industry. (search)
Banking panics. (search)
Banking sector. (search)
Banking sector fragility. (search)
Banking sectors. (search)
Banking supervision. (search)
Banking supervisors. (search)
Banking system. (search)
Banking systems. (search)
Banks assets. (search)
Banks balance sheet. (search)
Banks deposit insurance. (search)
Banks liabilities. (search)
Banks solvency. (search)
Capital account liberalization. (search)
Capital requirement. (search)
Contagion. (search)
Currency crises. (search)
Currency crisis. (search)
Currency depreciation. (search)
Deposit accounts. (search)
Deposit guarantee. (search)
Deposit guarantee schemes. (search)
Deposit guarantees. (search)
Deposit insurance. (search)
Deposit insurance scheme. (search)
Deposit protection. (search)
Financial crises. (search)
Financial crisis. (search)
Financial integration. (search)
Financial liberalization. (search)
Income statement. (search)
Insolvent banks. (search)
International reserve. (search)
National bank. (search)
Payments crisis. (search)
Present value. (search)
Probability of default. (search)
Rating agencies. (search)
Recapitalization. (search)
Recession. (search)
Speculative attacks. (search)
Systemic risk. (search)
Universal banking. (search)
Canada. (search)
United States. (search)
A theoretical framework to assess the degree of fragility or, inversely, the soundness of the banking system is proposed. It is argued that, while a bank may be either solvent or insolvent at any given time, its degree of fragility must be a forward-looking measure based on the probability that it can withstand a destabilizing shock. Externalities are particularly important because they can constitute a serious source of systemic risk. The factors that determine banks’ soundness can be separated into bank-specific and those common to all banks (subject to microprudential and macroprudential considerations, respectively). The interconnection between banking crises and currency crises (in both directions) is also discussed.
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González-Hermosillo, Brenda.
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