01984cas a2200241 a 4500 AALejournalIMF018054 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484327227 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Spain : Financial Sector Assessment Program-Technical Note-Interconnectedness and Spillover Analysis in Spain's Financial System. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (67 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 the findings of the Financial Sector Assessment Program about interconnectedness and spillover in Spain's financial system. Financial intermediaries in Spain are interconnected through conglomerate ownership, common exposures, and inter-sectoral claims. The main source of cross-sectoral connectedness appears to be insurance companies' exposures to banks, while exposures of banks to insurers or to mutual funds appear limited at present. Empirical analysis using both exposure and market data suggest strong cross-border interconnectedness. Contagion within the domestic interbank market appears to be limited at present. There are also strong cross-sectoral linkages between banks and other parts of the financial system in Spain, but systemic risks from those linkages appear to be limited. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/344 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/344/002.2017.issue-344-en.xml IMF e-Library