publication . Article . 2013

Assessing Financial System Vulnerabilities: An Early Warning Approach

Gurnain Pasricha; Tom Roberts; Ian Christensen; Brad Howell;
Open Access
  • Published: 01 Jan 2013 Journal: Bank of Canada Review, volume 2,013, issue Autumn, pages 10-19
This article focuses on a quantitative method to identify financial system vulnerabilities, specifically, an imbalance indicator model (IIM) and its application to Canada. An IIM identifies potential vulnerabilities in a financial system by comparing current economic and financial data with data from periods leading up to past episodes of financial stress. It complements other sources of information - including market intelligence and regular monitoring of the economy - that policy-makers use to assess vulnerabilities.
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