This paper seeks to advance our understanding of global financial interconnectedness by (i) mapping aspects of the architecture of global finance and (ii) inves

The analysis of interconnectedness and contagion is an important part of the financial stability and risk assessment of a country’s financial system. This pap

Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and b

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma

The 2008/9 financial crisis highlighted the importance of evaluating vulnerabilities owing to interconnectedness, or Too-Connected-to-Fail risk, among financial