01739cas a2200241 a 4500 AALejournalIMF007177 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455261406 1018-5941 BD-DhAAL BD-DhAAL Sun, Tao. Identifying Vulnerabilities in Systemically-Important Financial Institutions in a Macro-Financial Linkages Framework / Tao Sun. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper attempts to identify the indicators that can demonstrate the vulnerabilities in systemically important financial institutions. The paper finds that (i) indicators on leverage, liquidity, and business scope can help identify the differences between the intervened and non-intervened financial institutions during the subprime crisis; (ii) the expected default frequencies react positively to shocks to leverage, inflation, global financial stress, and global excess liquidity, and negatively to return on assets and equity prices; and (iii) leverage has been the most robust factor with a long-run causal effect on the expected default frequencies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2011/111 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/111/001.2011.issue-111-en.xml IMF e-Library