We apply text analysis to Twitter messages in Spanish to build a sentiment- based risk index for the financial sector …. Next, we compare our Twitter sentiment index with existing indicators of financial stress. We find that this novel index … that a shock in our Twitter sentiment index correlates positively with an increase in financial market risk, stock market …

We apply sentiment analysis to Twitter messages in Spanish to build a sentiment risk index for the financial sector in …. Next, we compare our sentiment index with existing indicators of financial stress based on quantitative variables. We find … that this novel index captures the impact of sources of financial stress not explicitly encompassed in quantitative risk …