Duprey, Thibaut, Benjamin, Klaus, Peltonen, Tuomas, (2016), “Dating financial stress episodes: A new model-based approach”, Voxeu, 14 Ιανουαρίου.
It is widely agreed that the Global Crisis qualifies as a period of ‘systemic’ financial stress. However, identifying and classifying other similar periods is challenging. This column presents a new framework for a transparent and objective identification of systemic financial stress episodes, beyond the expert-selected stress events available so far. The approach is applied to 27 EU countries to successfully identify episodes of financial stress.
Σχετικές Αναρτήσεις
- Olivier Gourinchas, Pierre, Obstfeld, Maurice, (2015), “Understanding past and future financial crises”, Voxeu, 21 Ιουλίου.
- Schoder, C., Proano, C. and Semmler, W., (2013), “The Role of Financial Stress in the Sovereign Debt-Output Nexus, and in Economic Activity”, EconoMonitor, 18 Νοεμβρίου.