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- W67609593 abstract "Unlike price stability, financial stability is not easy to define or measure given the interdependence and the complex interactions of different elements of the financial system among themselves and with the real economy. This is further complicated by the time and cross-border dimensions of such interactions. However, over the past two decades, researchers from central banks and elsewhere have attempted to capture conditions of financial stability through various indicators of financial system vulnerabilities. Indeed, many central banks through their financial stability reports (FSRs) attempt to assess the risks to financial stability by focusing on a small number of key indicators. Moreover, there are ongoing efforts to develop a single aggregate measure that could indicate the degree of financial fragility or stress. Composite quantitative measures of financial system stability that could signal these conditions are intuitively attractive as they could enable policy makers and financial system participants to: (a) better monitor the degree of financial stability of the system, (b) anticipate the sources and causes of financial stress to the system and (c) communicate more effectively the impact of such conditions." @default.
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- W67609593 date "2009-01-01" @default.
- W67609593 modified "2023-09-27" @default.
- W67609593 title "Measures of financial stability - a review" @default.
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