Financial Conditions Indexes

Financial conditions indexes

This paper provides an exposition of the nature, means of estimation and uses of Financial Conditions Indexes (FCIs) and their relationship to the more common Monetary Conditions Indexes (MCIs) that are used by market analysts, international organisations and central banks. Using panel datasets for Western Europe we explore how asset prices, particularly house and stock prices, can provide usef...

Financial Conditions Indexes for Canada

The authors construct three financial conditions indexes (FCIs) for Canada based on three approaches: an IS-curve-based model, generalized impulse-response functions, and factor analysis. Each approach is intended to address one or more criticisms of the monetary conditions index (MCI) and existing FCIs. To evaluate their three FCIs, the authors consider five performance criteria: the consisten...

David Mayes – Matti Virén: Financial conditions indexes

This paper provides an exposition of the nature, means of estimation and uses of Financial Conditions Indexes (FCIs) and their relationship to the more common Monetary Conditions Indexes (MCIs) that are used by market analysts, international organisations and central banks. Using panel datasets for Western Europe we explore how asset prices, particularly house and stock prices, can provide usef...

Rural Hospital Financial Conditions

Abnormal statistical properties of stock indexes during a financial crash

• Stock indexes have dual fractal structure which is consistent with previous studies. • The return distribution of emerging markets shows abnormal dual power-law exponents. • External shock of a crisis affects different markets at distinct stages. a b s t r a c t We investigate minute indexes of stock markets in 10 countries during financial crashes by dividing them into several stages accordi...