01776cas a2200241 a 4500 AALejournalIMF014022 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475566048 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Italy : Technical Note on Interconnectedness and Spillover Analysis. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (30 pages) IMF Staff Country Reports <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 Technical Note discusses findings of interconnectedness and spillover analysis on Italy. The market-based measures of tail risks and interconnectedness among key banks and insurance companies in Italy have declined from their peak but remain at elevated levels. Although the stress on Banca Monte dei Paschi di Siena has been manifesting on its own, the market perception about the condition of the banks appears to be increasingly contaminating the market views on other Italian financial institutions. It is also observed that exogenous factors, such as the Italian sovereign, are the key source of systemic risk for the market pricing of Italian financial institutions. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/347 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/347/002.2013.issue-347-en.xml IMF e-Library