A Framework for Assessing Systemic Risk

Dijkman, Miquel

dc.creator	Dijkman, Miquel
dc.date	2012-03-19T18:39:28Z
dc.date	2012-03-19T18:39:28Z
dc.date	2010-04-01
dc.date.accessioned	2023-02-17T21:03:11Z
dc.date.available	2023-02-17T21:03:11Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100426151636
dc.identifier	http://hdl.handle.net/10986/3768
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244732
dc.description	When faced with financial crises, authorities worldwide tend to respond aggressively with public support measures. Given the adverse impact on moral hazard and market discipline, support measures involving public money are ideally limited to crisis situations involving systemic risk: a disturbance in the financial system that is serious enough to affect the real economy. This note sets out the main characteristics of a systemic risk assessment framework: a simple analytical framework that can be used by authorities with financial crisis management responsibilities in times of financial crisis to assess the extent to which that particular crisis situation poses systemic risk.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5282
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO INFORMATION
dc.subject	ACCOUNTABILITY
dc.subject	ACCOUNTING
dc.subject	ACID TEST RATIO
dc.subject	AMOUNT OF CAPITAL
dc.subject	ASSET CLASS
dc.subject	ASSET PRICES
dc.subject	BALANCE SHEET
dc.subject	BALANCE SHEET GROWTH
dc.subject	BALANCE SHEETS
dc.subject	BANK FAILURES
dc.subject	BANK LENDING
dc.subject	BANK OF ENGLAND
dc.subject	BANKING CRISES
dc.subject	BANKING INSTITUTION
dc.subject	BANKING SERVICES
dc.subject	BANKING SYSTEM
dc.subject	BANKRUPTCY
dc.subject	BENEFICIARIES
dc.subject	BENEFICIARY
dc.subject	BID
dc.subject	BOND
dc.subject	BONDS
dc.subject	BOOK ENTRY
dc.subject	BROKER
dc.subject	BUSINESS CYCLE
dc.subject	BUSINESS CYCLES
dc.subject	CAPITAL ADEQUACY
dc.subject	CAPITAL MARKETS
dc.subject	CAPITAL REQUIREMENTS
dc.subject	CASH MANAGEMENT
dc.subject	CDS
dc.subject	CENTRAL BANK
dc.subject	CENTRAL BANKS
dc.subject	CENTRAL SECURITIES DEPOSITORIES
dc.subject	CLEARING HOUSE
dc.subject	CLEARING HOUSES
dc.subject	COLLATERAL
dc.subject	COLLATERALIZATION
dc.subject	CONSUMPTION EXPENDITURE
dc.subject	CONTINGENCY PLANNING
dc.subject	CORPORATE BOND
dc.subject	CORRESPONDENT BANKS
dc.subject	CREDIT DEFAULT
dc.subject	CREDIT DEFAULT SWAP
dc.subject	CREDIT DEFAULT SWAPS
dc.subject	CREDIT DERIVATIVES
dc.subject	CREDIT LINES
dc.subject	CREDIT RATING
dc.subject	CREDIT RISK
dc.subject	CREDIT RISK EXPOSURES
dc.subject	CREDITOR
dc.subject	CREDITORS
dc.subject	CUSTODIAN BANKS
dc.subject	DEBT
dc.subject	DEBT ISSUES
dc.subject	DEBT OBLIGATIONS
dc.subject	DEBTOR
dc.subject	DEFAULT PROBABILITIES
dc.subject	DEFAULTS
dc.subject	DEPOSIT
dc.subject	DEPOSIT INSURANCE
dc.subject	DEPOSITORS
dc.subject	DEPOSITS
dc.subject	DERIVATIVE
dc.subject	DERIVATIVE MARKETS
dc.subject	DERIVATIVES MARKETS
dc.subject	DEVELOPING COUNTRIES
dc.subject	DOMESTIC BANKING
dc.subject	EQUITIES
dc.subject	EUROPEAN CENTRAL BANK
dc.subject	EXCHANGE COMMISSION
dc.subject	EXCHANGE PAYMENTS
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATES
dc.subject	FAIR VALUE
dc.subject	FEE INCOME
dc.subject	FINANCE MINISTRIES
dc.subject	FINANCIAL ASSET
dc.subject	FINANCIAL ASSETS
dc.subject	FINANCIAL CONGLOMERATES
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL DATA
dc.subject	FINANCIAL DEVELOPMENT
dc.subject	FINANCIAL DISTRESS
dc.subject	FINANCIAL EXPOSURES
dc.subject	FINANCIAL INFRASTRUCTURE
dc.subject	FINANCIAL INSTABILITY
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INSTRUMENTS
dc.subject	FINANCIAL MARKET
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL MARKETS DEVELOPMENTS
dc.subject	FINANCIAL RISK
dc.subject	FINANCIAL RISKS
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL SHOCK
dc.subject	FINANCIAL SHOCKS
dc.subject	FINANCIAL STABILITY
dc.subject	FINANCIAL STRESS
dc.subject	FINANCIAL SUPPORT
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL SYSTEMS
dc.subject	FINANCIAL TRANSACTIONS
dc.subject	FIXED EXCHANGE RATE
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN FINANCIAL INSTITUTION
dc.subject	FRAUD
dc.subject	FUTURES
dc.subject	GLOBAL FINANCIAL STABILITY
dc.subject	GOVERNMENT BONDS
dc.subject	HEDGE FUNDS
dc.subject	HEDGES
dc.subject	HOLDING
dc.subject	IMPLIED VOLATILITY
dc.subject	INDEBTEDNESS
dc.subject	INFRASTRUCTURE INVESTMENT
dc.subject	INSTRUMENT
dc.subject	INSURANCE COMPANIES
dc.subject	INSURANCE COMPANY
dc.subject	INSURANCE POLICIES
dc.subject	INSURED DEPOSITS
dc.subject	INTERBANK MARKETS
dc.subject	INTEREST RATE
dc.subject	INTEREST RATES
dc.subject	INTERNAL CONTROLS
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL SETTLEMENTS
dc.subject	INTERPOLATION
dc.subject	INVESTMENT ACTIVITIES
dc.subject	INVESTMENT BANKS
dc.subject	INVESTMENT PORTFOLIO
dc.subject	LAWS
dc.subject	LEGAL RIGHTS
dc.subject	LENDERS
dc.subject	LEVEL OF RISK
dc.subject	LIFE INSURANCE
dc.subject	LINE OF CREDIT
dc.subject	LIQUID ASSETS
dc.subject	LIQUIDITY
dc.subject	LIQUIDITY MANAGEMENT
dc.subject	LIQUIDITY RATIO
dc.subject	LOAN
dc.subject	LOSS OF CONFIDENCE
dc.subject	MARK-TO-MARKET
dc.subject	MARKET ACCESS
dc.subject	MARKET CONDITIONS
dc.subject	MARKET DATA
dc.subject	MARKET DEVELOPMENTS
dc.subject	MARKET DISCIPLINE
dc.subject	MARKET LIQUIDITY
dc.subject	MARKET MAKER
dc.subject	MARKET MAKERS
dc.subject	MARKET SHARES
dc.subject	MARKET TRANSACTIONS
dc.subject	MARKET TURNOVER
dc.subject	MATURITY
dc.subject	MINISTRIES OF FINANCE
dc.subject	MONETARY AUTHORITY
dc.subject	MONETARY FUND
dc.subject	MORAL HAZARD
dc.subject	NATIONAL BANK OF BELGIUM
dc.subject	NONBANK INSTITUTIONS
dc.subject	NONPAYMENT
dc.subject	OESTERREICHISCHE NATIONALBANK
dc.subject	OFFSITE SUPERVISION
dc.subject	OPERATIONAL RISK
dc.subject	PAYMENT SERVICES
dc.subject	PAYMENT SYSTEM
dc.subject	PAYMENT SYSTEMS
dc.subject	PENSION
dc.subject	PENSION FUNDS
dc.subject	PENSION SYSTEMS
dc.subject	POLICY RESPONSE
dc.subject	POLICY RESPONSES
dc.subject	PORTFOLIO
dc.subject	PRICE FORMATION
dc.subject	PROBABILITY OF DEFAULT
dc.subject	PROBABILITY OF DEFAULTS
dc.subject	PROFITABILITY
dc.subject	PRUDENTIAL REGULATION
dc.subject	PUBLIC FUNDS
dc.subject	REMITTANCES
dc.subject	REORGANIZATION
dc.subject	RETURN
dc.subject	RETURN ON EQUITY
dc.subject	RETURNS
dc.subject	RISK ASSESSMENTS
dc.subject	RISK AVERSION
dc.subject	RISK FACTORS
dc.subject	RISK MANAGEMENT
dc.subject	RISK PROFILE
dc.subject	SAFER INVESTMENTS
dc.subject	SALES OF ASSETS
dc.subject	SAVINGS
dc.subject	SECURITIES
dc.subject	SECURITIES AS COLLATERAL
dc.subject	SETTLEMENT
dc.subject	SETTLEMENT SYSTEM
dc.subject	SETTLEMENT SYSTEMS
dc.subject	SHAREHOLDER
dc.subject	SHORT-TERM CAPITAL
dc.subject	SOLVENCY
dc.subject	STOCK EXCHANGE
dc.subject	STOCKS
dc.subject	SUBSIDIARIES
dc.subject	SUPERVISORY AGENCIES
dc.subject	SUPERVISORY AUTHORITIES
dc.subject	SUPPLY OF CREDIT
dc.subject	SURCHARGES
dc.subject	SWAP
dc.subject	SYSTEMIC RISK
dc.subject	TRADING
dc.subject	TRANSACTION
dc.subject	TRANSACTION COSTS
dc.subject	TRANSFER OF SECURITIES
dc.subject	UNDERWRITER
dc.subject	USE OF COLLATERAL
dc.subject	VALUATION
dc.subject	VALUE OF COLLATERAL
dc.subject	VALUE PAYMENT SYSTEMS
dc.subject	WARRANTS
dc.subject	WEALTH EFFECTS
dc.subject	YIELD CURVE
dc.title	A Framework for Assessing Systemic Risk
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	The World Region
dc.coverage	The World Region