Un Indicador de Condiciones Financieras para la República Dominicana

A Financial Condition Index for the Dominican Republic

Miguel Jiménez Polanco and Francisco Ramírez de León ()

MPRA Paper from University Library of Munich, Germany

Abstract: We estimate a Financial Conditions Index (FCI) for the Dominican Republic (DR) for the sample 2003 – January 2016 using the principal component analysis methodology and the Hatzius et al. (2010) approach. The estimated FCI captures the periods of financial stress of the Dominican economy in the analyzed sample, i.e. the banking crisis of 2003-2004 and the great financial crisis of 2007-2009. Additionally, to prove our FCI could be used as a tool of analysis and detections of financial conditions for policy makers, we make a special effort in discussing the indicator’s robustness.

Keywords: Financial Condition Indexes; Principal Components Analysis; Dominican Republic. (search for similar items in EconPapers)
JEL-codes: E32 E4 E44 E47 E51 G01 G10 (search for similar items in EconPapers)
Date: 2016-12-27
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