TY - BOOK ID - 84659307 TI - A Network Analysis of Sectoral Accounts : Identifying Sectoral Interlinkages in G-4 Economies PY - 2015 SN - 1513534181 1513509292 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Financial risk management -- European Union countries. KW - Financial risk management -- Great Britain. KW - Financial risk management -- Japan. KW - Financial statements -- European Union countries. KW - Financial statements -- Great Britain. KW - Financial statements -- Japan. KW - Financial statements -- United States. KW - Commerce KW - Business & Economics KW - Accounting KW - Financial Risk Management KW - Investments: General KW - Investments: Stocks KW - Macroeconomics KW - Industries: Financial Services KW - Financial Aspects of Economic Integration KW - International Financial Markets KW - Financial Markets and the Macroeconomy KW - General Financial Markets: Government Policy and Regulation KW - General Financial Markets: General (includes Measurement and Data) KW - Financial Crises KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Investment & securities KW - Economic & financial crises & disasters KW - Finance KW - Securities KW - Cross-border effects KW - Financial crises KW - Stocks KW - Loans KW - Financial institutions KW - Financial sector policy and analysis KW - Financial instruments KW - International finance KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84659307 AB - The recent financial crisis highlighted that balance sheet exposures can be a major shock transmission channel. Using sectoral accounts data in combination with data from the Coordinated Portfolio Investment Survey, International Investment Position, and BIS this paper estimates bilateral exposures between financial and non-financial sectors in three different financial instruments within and across G-4 economies (Euro Area, Japan, U.K. and U.S.). The generated financial networks represent a powerful tool for assessing financial stability, as they allow for the identification of systemically important sectors. The analysis suggests that after the financial crisis bilateral exposures in debt securities have increased, while exposures in loans and equities have declined. Shock simulations reveal that the vulnerability of the financial sector to the government sector has increased considerably since the outbreak of the financial crisis. ER -