Modelos e indicadores de la situación de estabilidad financiera. Metodología y aplicación
María Landaberry ()
No 2015010, Documentos de trabajo from Banco Central del Uruguay
This paper develops a methodology that provides an image of the macroeconomic, the external and financial environment that enables the identification of potential risks to financial system stability. As a further result of the application of the proposed methodology a synthetic indicator of financial stability is derived using principal component techniques and a proper weighting of the different dimensions. The methodology is applied to the case of Uruguay and evaluated in the context of the last financial crisis. The use of this methodology improves the anticipation of financial instability events, reduces false alarms and is more stable than the methodology that is used to monitoring financial stability in Uruguay.
Keywords: Financial stability; Estabilidad financiera; Uruguay (search for similar items in EconPapers)
JEL-codes: G01 G19 (search for similar items in EconPapers)
Pages: 48 pages
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Persistent link: https://EconPapers.repec.org/RePEc:bku:doctra:2015010
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