IMF Working Papers

Can You Map Global Financial Stability?

By Jaume Puig, Ken Miyajima, Rebecca McCaughrin, Peter Dattels

June 1, 2010

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Jaume Puig, Ken Miyajima, Rebecca McCaughrin, and Peter Dattels. Can You Map Global Financial Stability?, (USA: International Monetary Fund, 2010) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Credit risk, Financial crises, Financial sector risk, Financial sector stability, Market risk

Keywords: Emerging market, Financial condition, Market, Risk, WP

Publication Details

  • Pages:

    42

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2010/145

  • Stock No:

    WPIEA2010145

  • ISBN:

    9781455201280

  • ISSN:

    1018-5941