Monitoring Financial Stability: A Financial Conditions Index Approach

By Scott A. Brave, R. Andrew Butters. 2011

228 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/de811c104d33bdded8b5a9a023c27b670086c94b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Thibaut Duprey
2. Benjamin Klaus
3. Tuomas A. Peltonen
4. R. Andrew Butters
5. Scott A. Brave

Citations in the corpus

• Diagnosing the Financial System: Financial Conditions and Financial Stress (2012, background): “Brave and Butters (2011) provide a detailed examination of the individual indicators in the NFCI.”
• Dating systemic financial stress episodes in the EU countries (2017, methodology): “20The commonality across market segments could be captured by a principal-component analysis (Hakkio and Keeton, 2009; Kliesen and Smith, 2010; Brave and Butters, 2011), but this method is”
• A new index of financial conditions (2014, unknown): “Other recent notable studies in this literature include English, Tsatsaronis and Zoli (2005), Balakrishnan, Danninger, Elekdag and Tytell (2008), Beaton, Lalonde and Luu (2009), Brave and Butters (2011), Gomez, Murcia and Zamudio (2011) and Matheson (2011).”
• The Financial Stress Index: Identification of Systemic Risk Conditions (2011, unknown): “Dynamic approaches to dimension reduction exist which can mitigate this concern and have been implemented by [59].”
• CISS - A Composite Indicator of Systemic Stress in the Financial System (2012, unknown): “The weekly “financial conditions index” (FCI) developed by Brave and Butters (2011a, 2011b) also builds on factor analysis but is more complex and sophisticated than its competitors in terms of the number and the heterogeneity of the input - 4 - data and the statistical indicator design.”
• Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound (2017, unknown): “The aim of this index is to o¤er a synthetic measure of nancial stress based on 105 series related to measures of risk, liquidity, and leverage (for a detailed explanation on the construction of this index, see Brave and Butters (2011)).”