Ms. Muffet, the Spider(gram) and the Web of Macro-Financial Linkages

By Ricardo Cervantes, Phakawa Jeasakul, Joseph Maloney, Li L Ong

June 10, 2014

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Ricardo Cervantes, Phakawa Jeasakul, Joseph Maloney, and Li L Ong. Ms. Muffet, the Spider(gram) and the Web of Macro-Financial Linkages, (USA: International Monetary Fund, 2014) accessed December 4, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The global financial crisis has underscored the importance of understanding macro-financial developments and spillovers in an increasingly interconnected and intricate system. At the IMF, staff is focusing on the linkages between the real economy and the financial sector, as well as the inter-relationships between global and individual-country risks. The Country Financial Stability Map provides an empirical framework for explicitly linking these various aspects of the IMF’s surveillance of its member countries. It identifies potential sources of macro-financial risks particular to a country and also enables an assessment of these risks in a global context through comparisons with the corresponding Global Financial Stability Map from the Global Financial Stability Report. The authors have developed an Excel-based tool (“Ms. Muffet”) to facilitate this analysis, which may be replicated by external users with access to the necessary databases, using the accompanying template.

Subject: Credit risk, Financial crises, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Global financial crisis of 2008-2009, Liquidity risk, Market risk

Keywords: Bilateral, CFSM component, CFSM consist, CFSM methodology, CFSM output, Country Financial Stability Map, Credit risk, Financial sector stability, GFSM show consistency, Global, Global financial crisis of 2008-2009, Global Financial Stability Map, Liquidity risk, Macro-financial risks, Macro-financial risks and conditions, Market risk, Ms. Muffet, Multilateral, Risk appetite, Risk category, Risk pricing, Spillover risk, WP

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2014/099
Stock No:

WPIEA2014099
ISBN:

9781498366397
ISSN:

1018-5941

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