Monitoring financial stability requires an understanding of both how traditional and evolving financial markets relate to each other and how they relate to economic conditions. This article describes two new indexes of financial conditions that aim to quantify these relationships.Financial stability ; Financial crises ; Finance

R. Andrew Butters

Scott Brave

English

Research Papers in Economics

2010a, “Gathering insights on the forest from the trees: A new metric for financial conditions,” Federal Reserve Bank of Chicago, working paper,

A quasi maximum likelihood approach for large approximate dynamic factor models,” European Central Bank, working paper,

Alternative algorithms for the estimation of dynamic factor, mimic and varying coefficient regression models,”

An approach to time series smoothing and forecasting using the EM algorithm,”

Chicago Fed National Activity Index turns ten—Analyzing its first decade of performance,” Chicago Fed Letter, Federal Reserve Bank of Chicago,

Credit controls: 1980,” Economic Review, Federal Reserve Bank of Richmond,

Energy, financial contagion, and the dollar,” Rice University, James A. Baker III Institute for Public Policy, working paper,

Federal Deposit Insurance Corporation: The First Fifty Years—A History of the FDIC,

Federal Reserve policies and financial market conditions during the crisis,” Federal Reserve Bank of Chicago, working paper, forthcoming.

Financial conditions indexes: A fresh look after the financial crisis,”

Financial crises: Recent experience in U.S. and international markets,”

Financial stress: What is it, how can it be measured, and why does it matter?,” Economic Review, Federal Reserve Bank of Kansas City, Second Quarter,

Forecasting inflation,”

Forecasting, Structural Time Series Models and the Kalman Filter,

History of the Eighties—Lessons for the Future, 2 vols.,

Liquidity and leverage,”

Measuring financial stress in a developed country: An application to Canada,”

Principles of Econometrics,

Real-time measurement of business conditions,”

Selected indicators of financial stability,” in Risk Measurement and Systemic Risk, Frankfurt am Main, Germany: European Central Bank,

Stabilizing an Unstable Economy,

Systemic banking crises: A new database,” International Monetary Fund, working paper,

The Failure of the Franklin National Bank: Challenge to the International Banking System,

This time is different: A panoramic view of eight centuries of financial crises,”

Time Series Analysis by State Space Methods,

Monitoring financial stability: a financial conditions index approach

http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2011/1qtr2011_part2_brave_butters.pdf

Monitoring financial stability: a financial conditions index approach

Abstract

Similar works

Full text

Available Versions

Research Papers in Economics