01778cas a2200277 a 4500 AALejournalIMF014106 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475554250 1018-5941 BD-DhAAL BD-DhAAL Minoiu, Camelia. Does Financial Connectedness Predict Crises? / Camelia Minoiu, Chanhyun Kang, V.S. Subrahmanian, Anamaria Berea. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (44 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 The global financial crisis has reignited interest in models of crisis prediction. It has also raised the question whether financial connectedness - a possible source of systemic risk - can serve as an early warning indicator of crises. In this paper we examine the ability of connectedness in the global network of financial linkages to predict systemic banking crises. Our results indicate that increases in a country's financial interconnectedness and decreases in its neighbors' connectedness are associated with a higher probability of banking crises after controlling for macroeconomic fundamentals. Mode of access: Internet Berea, Anamaria. Kang, Chanhyun. Subrahmanian, V.S. IMF Working Papers; Working Paper ; No. 2013/267 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/267/001.2013.issue-267-en.xml IMF e-Library