Towards an operational framework for financial stability : "fuzzy" measurement and its consequences

By C. Borio, Mathias Drehmann. 2009

187 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/ba7fabeb5848742139fcb565f7baf54717118374

Citations in the corpus

• Rethinking Potential Output: Embedding Information About the Financial Cycle (2013, unknown): “Based on the findings by Drehmann et al (2012), Borio and Drehmann (2009) and Alessi and Detken (2009), we pay special attention to booms and busts in credit and property prices.”
• Stress-Testing Macro Stress Testing: Does it Live Up to Expectations? (2012, unknown): “The recent literature suggests that it is possible to develop reduced-form real-time indicators that provide a fairly reliable signal of systemic financial distress a few years ahead, even out of sample (eg Alessi and Detken (2009), Borio and Drehmann (2009)).”
• Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights (2014, unknown): “Macro stress tests have been designed to help macroprudential regulation, which essentially aims at preventing the costs of financial distress to spread to the real economy (Acharya et al. (2009, 2010a,b, 2012); Borio and Drehmann (2009); Hanson et al. (2011); Hirtle et al. (2009)).”
• The Financial Cycle and Macroeconomics: What Have We Learnt? (2014, unknown): “Source: Borio and Drehmann (2009).”
• Funding Liquidity Risk in a Quantitative Model of Systemic Stability (2009, unknown): “on a bank’s balance sheet (see Borio and Drehmann (2009) and Foglia (2009)).”
• Macroprudential Policy - A Literature Review (2012, unknown): “Borio and Drehmann (2009a) not only support the use of monetary policy to address financial imbalances, but also stress that relying only on macroprudential policy to address (the timedimension of) financial instability would burden it too much.”