financial conditions index (CNFCI) to measure the instability of China's financial system. The indices are based on the monthly … data collected from China's inter-bank markets, stock markets, foreign exchange markets and debt markets. Using these two … China's financial instability, and provide a primary early warning system for China's macroprudential regulations. …

financial conditions index (CNFCI) to measure the instability of China's financial system. The indices are based on the monthly … data collected from China's inter-bank markets, stock markets, foreign exchange markets and debt markets. Using these two … China's financial instability, and provide a primary early warning system for China's macroprudential regulations. Finally …

) and analyze current studies on constructing FCI for China. Due to shifts of China's financial mechanisms in the post … weights and the former better reflects China’s financial conditions. Furthermore, introduction of credit availability improves …