This paper presents a tool to detect the accumulation of risks in emerging market economies based on a synthetic index … Heightened Emerging Risks that Lead to the Occurrence of Crises, outperform all best single indicators in terms of in-sample and …» frente a cada tipo de crisis. Estos índices, denominados SHERLOC, que es el acrónimo de Signalling Heightened Emerging Risks …

monitoring the build-up of vulnerabilities in emerging economies that may affect financial stability in Spain through financial …

, with sizable forecast downgrades in most years. EMDEs continue to face downside risks to growth outlook over the next …-than-expected growth in major economies, and disorderly financial market developments. These risks are accompanied by region-specific risks …, including geopolitical tensions, armed conflict, and severe weather events. If risks materialize, their impact on EMDEs depends …