High dimensional composite index makes experts' preferences in setting weights a hard task. In the literature, one of … motivates theoretical reasons to derive the weights of the elementary indicators in a composite index when multiple components …

The paper uses monthly data on financial stock index returns, tourism stock sub-index returns, effective exchange rate … constructing a tourism financial indicator, namely the Tourism Financial Conditions Index (TFCI). The TFCI is an adaptation and … extension of the widely-used Monetary Conditions Index (MCI) and Financial Conditions Index (FCI) to tourism stock data. However …

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 …

This study aims to construct a financial conditions index (FCI) characterizing Vietnam’s financial environment, which …