Title: Assessing Systemic Trade Interconnectedness

Abstract: The paper focuses on systemically important jurisdictions in the global trade network, complementing recent IMF work on systemically important financial sectors. Using the IMF’s Direction of Trade Statistics (DOTS) database and network analysis, the paper develops a framework for ranking jurisdictions based on trade size and trade nterconnectedness indicators using data for 2000 and 2010. The results show a near perfect overlap between the top 25 systemically important trade and financial jurisdictions, suggesting that these ought to be the focus of risk-based surveillance on cross-border spillovers and contagion. In addition, a number of extensions to the approach are developed that can provide a better understanding of trade dynamics at the bilateral, regional, and global levels.

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Publication ID: 164

Category Description: International Trade and related Economic Statistics

Publication Type: Paper

Inistitute: IMF

Year: 2011

Month: September

Sub Title: An Empirical Approach

Author 1: Luca Errico

Author 2:Alexander Massara

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Link: http://www.imf.org/external/pubs/ft/wp/2011/wp11214.pdf

Tags: foreign direct investment , trade and development ,

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