Can You Map Global Financial Stability?

43 Pages Posted: 21 Jun 2010

See all articles by Peter Dattels

Peter Dattels

International Monetary Fund (IMF)

Rebecca McCaughrin

International Monetary Fund (IMF)

Ken Miyajima

Bank for International Settlements (BIS) - Monetary and Economic Department

Jaume Puig

International Monetary Fund (IMF)

Date Written: June 2010

Abstract

The Global Financial Stability Map was developed as a tool to interpret the risks and conditions that impact financial stability in a graphical manner. It complements other existing tools for assessing financial stability, and seeks to overcome some of the drawbacks of earlier approaches. This paper provides the motivation for the tool, a detailed discussion of its construction, including the choice of risk factors and conditions, a description of the underlying indicators, and a discussion on how the final assessment is determined. When applied to past events of financial instability, the Global Financial Stability Map performs reasonably well in signaling risks to stability, as well as in characterizing the depth of crisis episodes.

Keywords: Enhanced surveillance, Financial stability, Global financial stability report, Financial risk, Credit risk

Suggested Citation

Dattels, Peter and McCaughrin, Rebecca and Miyajima, Ken and Puig, Jaume, Can You Map Global Financial Stability? (June 2010). IMF Working Paper No. 10/145, Available at SSRN: https://ssrn.com/abstract=1627080

Peter Dattels

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Rebecca McCaughrin

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Ken Miyajima

Bank for International Settlements (BIS) - Monetary and Economic Department ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

Jaume Puig

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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