Financial stress in emerging markets: Patterns, real effects, and cross-country spillovers

Article English OPEN
Stolbov, Mikhail; Shchepeleva, Maria; (2016)
  • Publisher: Elsevier BV
  • Journal: Review of Development Finance,volume 6,issue 1,pages71-81 (issn: 1879-9337)
  • Related identifiers: doi: 10.1016/j.rdf.2016.05.004
  • Subject: Financial stress | HG1-9999 | Economic growth, development, planning | Spillovers | Emerging markets | Cluster analysis | Economics and Econometrics | HD72-88 | Principal component analysis | Finance

We extend the conventional approach to the construction of financial stress indices (FSI) for emerging economies proposed by Balakrishnan et al. (2011). Based on the principal component analysis, our index accounts for developments in the residential real estate market,... View more
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