Financial stress: what is it, how can it be measured, and why does it matter?

By Craig S. Hakkio, W. Keeton. 2009

573 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c30712e68bfb068e718a96d0f91fd682431a051d

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Citations in the corpus

• Does Systemic Risk in the Financial Sector Predict Future Economic Downturns (2012, methodology): “A fourth alternative macroeconomic index used to test the robustness of our model is the Kansas City Financial Stress Index (KCFSI); see Hakkio and Keeton (2009).”
• Determinants of Financial Stress in Emerging Market Economies (2014, unknown): “…subjected to extreme uncertainty and varying expectations of loss in financial markets – other authors developed their own versions of FSI, including Hakkio and Keeton (2009) for the Federal Reserve Bank of Kansas City; Hollo et al. (2012) for European markets; Misina and Tkacz (2009) for…”
• Assessing systemic risks and predicting systemic events (2013, background): “15 Several indices for the measurement of financial tensions have been developed in recent years, examples are Illing and Liu (2006), Misina and Tkacz (2009), and Hakkio and Keeton (2009).”
• CISS - A Composite Indicator of Systemic Stress in the Financial System (2012, unknown): “Building on eleven daily financial market indicators as input series, Hakkio and Keeton (2009) at the Federal Reserve Bank of Kansas City construct a monthly FSI (the “KCFSI”) applying principal components analysis to US data.”
• Time-varying monetary-policy rules and financial stress: Does financial instability matter for monetary policy? (2011, background): “The FED of Kansas City developed the Kansas City Financial Stress Index (Hakkio and Keeton, 2009) that is published monthly and is based on eleven variables (seven spreads between different bond classes by issuers, risk profiles and maturities, correlations between returns on stocks and Treasury…”
• Diagnosing the Financial System: Financial Conditions and Financial Stress (2012, methodology): “1 Features of the NFCI Similar to other measures of financial conditions in the literature, such as the indexes of Illing and Liu (2006), Nelson and Perli (2007), Hakkio and Keeton (2009), Hatzius et al. (2010), and Matheson (2011), the NFCI is essentially a weighted average of a number of financial”
• The Financial Stress Index: Identification of Systemic Risk Conditions (2011, unknown): “Key among the recent research contributions are studies by Hakkio and Keeton (2009), Hatzius et al. (2010), and Kliesen and Smith (2010).”
• The real effects of financial stress in the Eurozone (2013, result): “In this context, our work corroborates the findings of Hakkio and Keeton (2009) and Davig and Hakkio (2010) for the US.”