Financial Stress Indices and Financial Crises
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F15%3A10314236" target="_blank" >RIV/00216208:11230/15:10314236 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1007/s11079-015-9348-x" target="_blank" >http://dx.doi.org/10.1007/s11079-015-9348-x</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11079-015-9348-x" target="_blank" >10.1007/s11079-015-9348-x</a>
Alternative languages
Result language
angličtina
Original language name
Financial Stress Indices and Financial Crises
Original language description
This paper develops a Financial Stress Index (FSI) for 28 OECD countries and examines its relationship to crises using a novel database for financial crises. A stress index measures the current state of stress in the financial system and summarizes it ina single statistic. Our results suggest that even though our FSI is clearly related to the occurrence of crises, there is only a weak relationship between the FSI and the onset of a crisis, notably the onset of a banking crisis. Policymakers should therefore be aware of the limited usefulness of FSIs as an early warning indicator.
Czech name
—
Czech description
—
Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Open Economices Review
ISSN
0923-7992
e-ISSN
—
Volume of the periodical
26
Issue of the periodical within the volume
3
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
24
Pages from-to
383-406
UT code for WoS article
000356172200002
EID of the result in the Scopus database
2-s2.0-84930931423