A Quantitative Assessment of Financial Conditions in Asia /

We propose a new Financial Condition Index (FCI) for Asian economies based on two different methodologies: a VAR model and a Dynamic Factor Model. The paper shows that this index has predictive power in forecasting GDP growth and may be thus used as a leading indicator. Based on the FCI, financial c...

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Bibliografske podrobnosti
Glavni avtor: Osorio Buitron, Carolina
Drugi avtorji: Pongsaparn, Runchana, Unsal, Filiz
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2011.
Serija:IMF Working Papers; Working Paper ; No. 2011/170
Online dostop:Full text available on IMF
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245 1 2 |a A Quantitative Assessment of Financial Conditions in Asia /  |c Carolina Osorio Buitron, Filiz Unsal, Runchana Pongsaparn. 
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300 |a 1 online resource (21 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a We propose a new Financial Condition Index (FCI) for Asian economies based on two different methodologies: a VAR model and a Dynamic Factor Model. The paper shows that this index has predictive power in forecasting GDP growth and may be thus used as a leading indicator. Based on the FCI, financial conditions in Asia tightened substantially earlier in the global crisis, reflecting losses in the stock markets and tighter credit conditions. In early 2010, financial conditions in Asia recovered rapidly and reached precrisis levels, thanks to accommodative monetary policies and a rapid rebound in regional equity markets. 
538 |a Mode of access: Internet 
700 1 |a Pongsaparn, Runchana. 
700 1 |a Unsal, Filiz. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/170 
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