The reason to use Principal 75 Topics in Middle Eastern and African Economies Proceedings of Middle East Economic Association Vol. 21, Issue No. 2, May 2019 Component Analysis (PCA) to derive a single index to measure the financial stability of MENA countries is that using a single index as the proxy of financial stability is simple and
The IMF 2019 Financial Soundness Indicators Compilation Guide (2019 FSI Guide) updates the methodological guidance on the concepts and definitions, data sources and methods for the compilation and dissemination of financial soundness indicators. It includes new indicators to expand the covĀ­erage of the financial sector, including other OFR Financial Stress Index. The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress
The April 2019 Global Financial Stability Report (GFSR) finds that despite significant variability over the past two quarters, financial conditions remain accommodative. As a result, financial vulnerabilities have continued to build in the sovereign, corporate, and nonbank financial sectors in several systemically important countries, leading to elevated medium-term risks. The report attempts
In the United States, investors appear to put high odds on inflation being above target at around 3 percent. At the same time, financial conditionsā€”as proxied by our index that summarizes financing costs faced by firms and households in housing, credit, and equity marketsā€”have eased notably in the United States and euro area in recent quarters.
Financial depth captures the financial sector relative to the economy. It is the size of banks, other financial institutions, and financial markets in a country, taken together and compared to a measure of economic output. A proxy variable that has received much attention in the empirical literature in this regard is private credit relative to
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financial stability index by country