Gómez, Esteban; Pabón, Andrés Murcia; Gómez, Nancy … - Banco de la Republica de Colombia
This paper is an attempt at constructing a simple and effective macroprudential tool for policymakers. By integrating the joint occurrences of the main financial markets in Colombia into a single Financial Conditions Index (FCI), we hope to synthesize the information embedded in them regarding...