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| 001 | 9.814258 |
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| 003 | CaOODSP |
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| 005 | 20221107141735 |
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| 007 | cr ||||||||||| |
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| 008 | 160404s2016 oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2016-11E-PDF |
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| 100 | 1 |aDuprey, Thibaut. |
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| 245 | 10|aDating systemic financial stress episodes in the EU countries |h[electronic resource] / |cby Thibaut Duprey, Benjamin Klaus and Tuomas Peltonen. |
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| 260 | |a[Ottawa] : |bBank of Canada, |c2016. |
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| 300 | |aiii, 47 p. : |bfig., graphs, tables. |
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| 490 | 1 |aStaff Working Paper, |x1701-9397 ; |v2016-11 |
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| 500 | |a"March 2016." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | 3 |aThis paper introduces a new methodology to date systemic financial stress events in a transparent, objective and reproducible way. The financial cycle is captured by a monthly country-specific financial stress index. Based on a Markov-switching model, high financial stress regimes are identified, and a simple algorithm is used to select those episodes of financial stress that are associated with a substantial negative impact on the real economy. By applying this framework to 27 European Union countries, the paper is a first attempt to provide a chronology of systemic financial stress episodes in addition to the expert-detected events that are currently available. |
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| 692 | 07|2gccst|aFinancial crisis |
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| 692 | 07|2gccst|aAnalysis |
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| 692 | 07|2gccst|aMethodology |
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| 700 | 1 |aKlaus, Benjamin. |
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| 700 | 1 |aPeltonen, Tuomas. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2016-11|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.33 MB|uhttps://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-5-2016-11-eng.pdf |
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