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In this paper, employing several econometric techniques, the authors construct a financial stress index (CNFSI) and a … financial conditions index (CNFCI) to measure the instability of China's financial system. The indices are based on the monthly …
Persistent link: https://www.econbiz.de/10011416485
In this paper, employing several econometric techniques, the authors construct a financial stress index (CNFSI) and a … financial conditions index (CNFCI) to measure the instability of China's financial system. The indices are based on the monthly …, they conduct a test to evaluate the predictive power of the CNFSI and the early warning system with reference to the 2015 …
Persistent link: https://www.econbiz.de/10011502689
Persistent link: https://www.econbiz.de/10011740596
economic aggregatio and index number theory and aim to aggregate the money components by considering their transaction service …
Persistent link: https://www.econbiz.de/10010436735
While there has been some debate over the usefulness of monetary aggregates, there has been surprisingly little discussion of the actual implications for liquidity. In this paper, we provide an approximation of the liquidity development in six Euro area countries from 2003 to 2012. We show that...
Persistent link: https://www.econbiz.de/10010339318
We construct a Financial Conditions Index (FCI) for Greece as a surveillance tool to quantify the degree of the stress … indicators through a single index. We also construct an alternative FCI by purging the business cycle and monetary policy effects … on the input variables, and argue that this alternative index is a better indicator of exogenous financial shocks, and …
Persistent link: https://www.econbiz.de/10013012447
Persistent link: https://www.econbiz.de/10012038699
Persistent link: https://www.econbiz.de/10012008443
Hudsons Prognosen erregen weltweit Aufmerksamkeit: als Erster und Einziger hat er den genauen Zeitpunkt vorausgesagt, an dem die fatale Immobilienblase platzen sollte. Eindringlich analysiert er, wie die internationale Finanzwelt die Errungenschaften der klassischen Ökonomie verspielt. An...
Persistent link: https://www.econbiz.de/10010221017
Persistent link: https://www.econbiz.de/10009761400