Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212315 
Autor:innen: 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Bank of Finland Research Discussion Papers No. 7/2015
Verlag: 
Bank of Finland, Helsinki
Zusammenfassung: 
​I propose a financial stress index (FSI) for the Finnish financial system that aims to reflect the functionality of the financial system and provide an aggregate measure of financial stress in the money, bond, equity and foreign exchange markets and the banking sector. The FSI is a composite index that combines information from these markets and provides a measure of stress in the financial system as a whole. The FSI has obvious benefits for all participants in the financial markets who need a tool for monitoring the functioning of the financial markets, as it provides information on systemic stress events which are not as easily captured with the stress measures of individual markets or sectors. The ESRB recommendation (ESRB, 2014a) also states that national or international FSIs could be used when making a decision about the release of the counter-cyclical capital buffer. Hence, the index can also be used to support the macro-prudential policy decision making in Finland.
JEL: 
G01
G28
C43
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-323-034-7
Dokumentart: 
Working Paper

Datei(en):
Datei
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