Hidden Bibliographic Details
| Other authors / contributors: | Pongsaparn, Runchana, author.
Unsal, D. Filiz, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 1283562731
9781283562737
1462380913
9781462380916
9781462380923
1462380921
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| ISSN: | 2227-8885
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| Notes: | At head of title: Asia and Pacific Department.
Title from PDF title page (IMF Web site, viewed September 7, 2011).
"July 2011."
Includes bibliographical references.
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| Summary: | We propose a new Financial Condition Index (FCI) for Asian economies based on two different methodologies: a VAR model and a Dynamic Factor Model. The paper shows that this index has predictive power in forecasting GDP growth and may be thus used as a leading indicator. Based on the FCI, financial conditions in Asia tightened substantially earlier in the global crisis, reflecting losses in the stock markets and tighter credit conditions. In early 2010, financial conditions in Asia recovered rapidly and reached precrisis levels, thanks to accommodative monetary policies and a rapid rebound in regional equity markets.
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| Other form: | Print Version: 9781462380916
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| Standard no.: | 10.5089/9781462380916.001
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