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| bloomberg us financial conditions index: Intelligent Systems and Applications Kohei Arai, 2022-09-01 This book is a remarkable collection of chapters covering a wide domain of topics related to artificial intelligence and its applications to the real world. The conference attracted a total of 494 submissions from many academic pioneering researchers, scientists, industrial engineers, and students from all around the world. These submissions underwent a double-blind peer-reviewed process. Of the total submissions, 176 submissions have been selected to be included in these proceedings. It is difficult to imagine how artificial intelligence has become an inseparable part of our life. From mobile phones, smart watches, washing machines to smart homes, smart cars, and smart industries, artificial intelligence has helped to revolutionize the whole globe. As we witness exponential growth of computational intelligence in several directions and use of intelligent systems in everyday applications, this book is an ideal resource for reporting latest innovations and future of AI. Distinguished researchers have made valuable studies to understand the various bottlenecks existing in different arenas and how they can be overcome with the use of intelligent systems. This book also provides new directions and dimensions of future research work. We hope that readers find the volume interesting and valuable. |
| bloomberg us financial conditions index: Finance in Africa European Investment Bank, 2023-10-11 The Finance in Africa report emphasises the challenges faced by the African banking sector — including the impact of recent shocks, such as the COVID-19 crisis and Russia's invasion of Ukraine — and the importance of gender diversity in business and banking. The report also discusses the need for international support and sustainable finance to advance economic development and climate change in Africa. It provides insights into the financial conditions, banking sector performance, and investment trends in the region. It covers the nature of climate finance flows in Africa and the degree of climate risk on bank balance sheets. With the right measures in place, Africa has the potential to overcome its challenges and unlock its true economic potential. |
| bloomberg us financial conditions index: Bloomberg Markets , 2010 |
| bloomberg us financial conditions index: Trading Binary Options Abe Cofnas, 2011-11-07 An essential guide to the fast growing area of binary options Long the province of professional traders, binary options are now offered to retail investors through the North American Derivative Exchange (Nadex) and a growing group of online brokerages. Now, with this new book, author Abe Cofnas explains how independent traders and investors can use binary options to speculate on price movements and global events. The great appeal of binary options is that they are less complex than conventional options and provide a simple method to trade based on an opinion of where the market is headed over a certain period of time. Engaging and informative, this reliable guide reveals how binary options work, what are the best binary options trading strategies, and when to use them. Identifies the various markets in which binaries are available Offers insights on how binary options allow for opportunities to speculate on the direction of a market and receive a substantial payout Provides suggestions as to which markets provide the best liquidity and lowest trade execution expenses As the first book solely devoted to this topic, Binary Options will provide retail traders with an authoritative guide to trading this exciting new market. |
| bloomberg us financial conditions index: Global Financial Stability Report, April 2018 International Monetary Fund. Monetary and Capital Markets Department, 2018-04-18 The April 2018 Global Financial Stability Report (GFSR) finds that short-term risks to financial stability have increased somewhat since the previous GFSR. Medium-term risks are still elevated as financial vulnerabilities, which have built up during the years of accommodative policies, could mean a bumpy road ahead and put growth at risk. This GFSR also examines the short- and medium-term implications for downside risks to growth and financial stability of the riskiness of corporate credit allocation. It documents the cyclical nature of the riskiness of corporate credit allocation at the global and country levels and its sensitivity to financial conditions, lending standards, and policy and institutional settings. Another chapter analyzes whether and how house prices move in tandem across countries and major cities around the world—that is, global house price synchronicity. |
| bloomberg us financial conditions index: Global Economic Prospects, June 2023 World Bank, 2023-06-27 Global growth is projected to slow significantly in the second half of this year, with weakness continuing in 2024. Inflation pressures persist, and tight monetary policy is expected to weigh substantially on activity. The possibility of more widespread bank turmoil and tighter monetary policy could result in even weaker global growth. Rising borrowing costs in advanced economies could lead to financial dislocations in the more vulnerable emerging market and developing economies (EMDEs). In low-income countries, in particular, fiscal positions are increasingly precarious. Comprehensive policy action is needed at the global and national levels to foster macroeconomic and financial stability. Among many EMDEs, and especially in low-income countries, bolstering fiscal sustainability will require generating higher revenues, making spending more efficient, and improving debt management practices. Continued international cooperation is also necessary to tackle climate change, support populations affected by crises and hunger, and provide debt relief where needed. In the longer term, reversing a projected decline in EMDE potential growth will require reforms to bolster physical and human capital and labor-supply growth. |
| bloomberg us financial conditions index: Can You Map Global Financial Stability? Mr.Ken Miyajima, Rebecca McCaughrin, Jaume Puig, Mr.Peter Dattels, 2010-06-01 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. |
| bloomberg us financial conditions index: The Economic Indicator Handbook Richard Yamarone, 2017-01-17 Analyze key indicators more accurately to make smarter market moves The Economic Indicator Handbook helps investors more easily evaluate economic trends, to better inform investment decision making and other key strategic financial planning. Written by a Bloomberg Senior Economist, this book presents a visual distillation of the indicators every investor should follow, with clear explanation of how they're measured, what they mean, and how that should inform investment thinking. The focus on graphics, professional application, Bloomberg terminal functionality, and practicality makes this guide a quick, actionable read that could immediately start improving investment outcomes. Coverage includes gross domestic product, employment data, industrial production, new residential construction, consumer confidence, retail and food service sales, and commodities, plus guidance on the secret indicators few economists know or care about. Past performance can predict future results – if you know how to read the indicators. Modern investing requires a careful understanding of the macroeconomic forces that lift and topple markets on a regular basis, and how they shift to move entire economies. This book is a visual guide to recognizing these forces and tracking their behavior, helping investors identify entry and exit points that maximize profit and minimize loss. Quickly evaluate economic trends Make more informed investment decisions Understand the most essential indicators Translate predictions into profitable actions Savvy market participants know how critical certain indicators are to the formulation of a profitable, effective market strategy. A daily indicator check can inform day-to-day investing, and long-term tracking can result in a stronger, more robust portfolio. For the investor who knows that better information leads to better outcomes, The Economic Indicator Handbook is an exceptionally useful resource. |
| bloomberg us financial conditions index: How Financial Conditions Matter Differently across Latin America Mr.Luis Brandao-Marques, Mrs.Esther Perez Ruiz, 2017-10-30 This paper develops comparable financial conditions indices (FCIs) for the six large and most financially-integrated Latin American economies (LA6) by following Korobilis (2013) and Koop and Korobilis (2014). The main findings are as follows. First, the estimated FCIs are influenced by a commodity cycle, a global financial cycle, as well as country-specific episodes of financial distress. Second, by early 2017, financial conditions remained favorable in most LA6 economies relative to historical standards. Third, the impact of financial shocks on economic activity widely varies across LA6 and is otherwise found to be stronger in periods of financial stress. Fourth, exposure to regional financial spillovers also differs across LA6. |
| bloomberg us financial conditions index: Global Financial Stability Report, April 2024 International Monetary Fund. Monetary and Capital Markets Department, 2024-04-16 Chapter 1 documents that near-term global financial stability risks have receded amid expectations that global disinflation is entering its last mile. However, along it, there are several salient risks and a build-up of medium-term vulnerabilities. Chapter 2 assesses vulnerabilities and potential risks to financial stability in corporate private credit, a rapidly growing asset class—traditionally focused on providing loans to midsize firms outside the realms of either commercial banks or public debt markets—that now rivals other major credit markets in size. Chapter 3 shows that while cyber incidents have thus far not been systemic, the probability of severe cyber incidents has increased, posing an acute threat to macrofinancial stability. |
| bloomberg us financial conditions index: Financial Soundness Indicators for Financial Sector Stability in Viet Nam Asian Development Bank, 2015-09-01 Financial soundness indicators (FSIs) are methodological tools that help quantify and qualify the soundness and vulnerabilities of financial systems according to five areas of interests: capital adequacy, asset quality, earnings, liquidity, and sensitivity to market risk. With support from the Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Facility, this report describes the development of FSIs for Viet Nam and analyzes the stability and soundness of the Vietnamese banking system by using these indicators. The key challenges to comprehensively implementing reforms and convincingly addressing the root causes of the banking sector problems include (i) assessing banks' recapitalization needs, (ii) revising classification criteria to guide resolution options, (iii) recapitalization and restructuring that may include foreign partnerships, (iv) strengthening the Vietnam Asset Management Company, (v) developing additional options to deal with nonperforming loans, (vi) tightening supervision to ensure a sound lending practice, (vii) revamping the architecture and procedures for crisis management, and (viii) strengthening financial safety nets during the reform process. |
| bloomberg us financial conditions index: Recovery Paths Members Ofterra Firma Community, 2003 Recovery Paths provides a unique insight into individual experiences of recovery from mental illness. People experiencing bipolar mood disorder, schizophrenia, anxiety, depression and eating disorders share their paths of hope for overcoming symptoms, disabilities and stigma to live fulfilled and satisfying lives. This anthology contains a range of remarkable and varied accounts that will challenge and inspire the reader. |
| bloomberg us financial conditions index: House Price Synchronicity, Banking Integration, and Global Financial Conditions Adrian Alter, Jane Dokko, MissDulani Seneviratne, 2018-11-28 We examine the relationship between house price synchronicity and global financial conditions across 40 countries and about 70 cities over the past three decades. The role played by cross-border banking flows in residential property markets is examined as well. Looser global financial conditions are associated with greater house price synchronicity, even after controlling for bilateral financial integration. Moreover, we find that synchronicity across major cities may differ from that of their respective countries’, perhaps due to the influence of global investors on local house price dynamics. Policy choices such as macroprudential tools and exchange rate flexibility appear to be relevant for mitigating the sensitivity of domestic housing markets to the rest of the world. |
| bloomberg us financial conditions index: Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France Ms.Piyabha Kongsamut, Mr.Christian Mumssen, Anne-Charlotte Paret, Mr.Thierry Tressel, 2017-12-02 How can information on financial conditions be used to better understand macroeconomic developments and improve macroeconomic projections? We investigate this question for France by constructing country-specific financial conditions indices (FCIs) that are tailored to movements in GDP, investment, private consumption and exports respectively. We rely on a VAR approach to estimate the weights of the financial components of each FCI, including equity market returns (which turn out having a relatively strong weight across all FCIs), private sector risk premiums, long-term interest rates, and banks’ credit standards. We find that the tailored FCIs are useful as leading indicators of GDP, investment, and exports, and as a contemporaneous indicator of private consumption. Credit volumes turn out to be lagging indicators of growth. The indices inform us on macro-financial linkages in France and are used to improve the accuracy of quarterly forecasting models and high-frequency “nowcast” models. We show that FCI-augmented models could have significantly improved forecasts during and after the global financial crisis. |
| bloomberg us financial conditions index: The Bloomberg Way Matthew Winkler, 2011-09-28 The definitive guide to reporting and editing the story of money Financial reporting is more important than ever as people grow increasingly aware of how their lives are affected by Wall Street and the federal government. Bloomberg News has earned the respect of journalists and readers around the world for its fast, in-depth and accurate stories. The Bloomberg Way, an internal manual compiled over two decades, reflects the new realities of journalism, in which speed is paramount, the impact of news is instantaneous, and the lines between objectivity and opinion are increasingly blurred. The Bloomberg Way is the most thorough and comprehensive guide to reporting and editing the story of money. This indispensable text for both journalism professionals and students outlines the central principles of Bloomberg News, explaining how to write compelling stories while maintaining standards of accuracy, honesty and ethics. The five F's of reporting: Factual, First, Fastest, Final and Future Word The essentials of writing an enticing lead and organizing story lines when preparing for breaking news on anything from an earnings release to a market crash Ways to keep opinion and speculation out of your writing The Bloomberg Way stylebook is the most important writer's resource of one of the largest news organizations in the world. It informs as it instructs, from how to conduct effective interviews to analyzing financial reports to the imperative for accuracy and integrity in gathering and publishing news. |
| bloomberg us financial conditions index: United States International Monetary Fund, 2012-08-02 The slow-paced growth rate of the U.S. economy, notwithstanding the bolstering attempts is disheartening. Implementing financial reforms and highly accommodative monetary policy are hoped to have a desired effect. Deficit reduction, debt ratio stabilizing strategies, removal of fiscal cliff uncertainties, effective implementation of housing, and labor market holstering policies need immediate attention in the Executive Board’s view. Underscoring the effect on global economy growth and stability, Directors commended U.S. efforts in fostering international coordination on financial regulatory reforms and in securing successful multilateral trade negotiations. |
| bloomberg us financial conditions index: Multifractal Financial Markets Yasmine Hayek Kobeissi, 2012-07-23 Multifractal Financial Markets explores appropriate models for estimating risk and profiting from market swings, allowing readers to develop enhanced portfolio management skills and strategies. Fractals in finance allow us to understand market instability and persistence. When applied to financial markets, these models produce the requisite amount of data necessary for gauging market risk in order to mitigate loss. This brief delves deep into the multifractal market approach to portfolio management through real-world examples and case studies, providing readers with the tools they need to forecast profound shifts in market activity. |
| bloomberg us financial conditions index: Global Financial Stability Report, October 2019 International Monetary Fund. Monetary and Capital Markets Department, 2019-10-16 The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies. |
| bloomberg us financial conditions index: Global Financial Stability Report, April 2016 International Monetary Fund. Monetary and Capital Markets Department, 2016-04-11 The current Global Financial Stability Report (April 2016) finds that global financial stability risks have risen since the last report in October 2015. The new report finds that the outlook has deteriorated in advanced economies because of heightened uncertainty and setbacks to growth and confidence, while declines in oil and commodity prices and slower growth have kept risks elevated in emerging markets. These developments have tightened financial conditions, reduced risk appetite, raised credit risks, and stymied balance sheet repair. A broad-based policy response is needed to secure financial stability. Advanced economies must deal with crisis legacy issues, emerging markets need to bolster their resilience to global headwinds, and the resilience of market liquidity should be enhanced. The report also examines financial spillovers from emerging market economies and finds that they have risen substantially. This implies that when assessing macro-financial conditions, policymakers may need to increasingly take into account economic developments in emerging market economies. Finally, the report assesses changes in the systemic importance of insurers, finding that across advanced economies the contribution of life insurers to systemic risk has increased in recent years. The results suggest that supervisors and regulators should take a more macroprudential approach to the sector. |
| bloomberg us financial conditions index: Advanced Positioning, Flow, and Sentiment Analysis in Commodity Markets Mark J. S. Keenan, 2020-02-18 The definitive book on Positioning Analysis — a powerful and sophisticated framework to help traders, investors and risk managers better understand commodity markets Positioning Analysis is a powerful framework to better understand commodity price dynamics, risk, and sentiment. It indicates what each category of trader is doing—what they are trading, how much they are trading and how they might behave under a variety of different circumstances. It is essential in isolating specific types of flow patterns, defining behavioral responses, measuring shifts in sentiment, and developing tools for better risk management. Advanced Positioning, Flow and Sentiment Analysis in Commodity Markets explains the fundamentals of Positioning Analysis and presents new concepts in Commodity Positioning Analytics. This invaluable guide helps readers recognize how certain types of positioning patterns can be used to develop models, indicators, and analyses that can be used to enhance performance. This updated second edition contains substantial new material, including analytics based on the analysis of flow, the decomposition of trading flows, trading activity in the Chinese commodity markets, and the inclusion of Newsflow into Positioning Analysis. Author: Mark J S Keenan, also covers the structure of positioning data, performance attribution of speculators, sentiment analysis and the identification of price risks and behavioral patterns that can be used to generate trading signals.. This must-have resource: Offers intuitive and accessible guidance to commodity market participants and risk managers at various levels and diverse areas of the market Provides a wide range of analytics that can be used directly or integrated into a variety of different commodity-related trading, investment, and risk management programs Features an online platform comprising a wide range of customizable, regularly-updated analytical tools Contains an abundance of exceptional graphics, charts, and illustrations Includes easy-to-follow instructions for building analytics. Advanced Positioning, Flow and Sentiment Analysis in Commodity Markets: Bridging Fundamental and Technical Analysis, 2nd Edition is an indispensable source of information for all types of commodity traders, investors, and speculators, as well as investors in other asset classes who look to the commodity markets for price information. |
| bloomberg us financial conditions index: The Mexican Securities Market , 199? |
| bloomberg us financial conditions index: Mauritius International Monetary Fund. African Dept., 2019-04-29 This Selected Issues paper develops a Financial Conditions Index (FCI) for Mauritius—an instrument to gauge the operational state of the financial sector and predict real economy activity. The evolution of Mauritius’ financial services sector has been supported by a vibrant offshore corporate sector. Given the strong macro-financial linkages, it is imperative to closely monitor domestic financial developments. Financial developments are broader than monetary developments depicting money supply and interest rates. The FCI is a robust predictor of real GDP growth in Mauritius. The FCI can also help inform macroprudential policy decisions. Decisions on setting the countercyclical capital buffer of Basel III could be informed by analyzing developments in the FCI. As historically Mauritius has not experienced drastic swings in financial credit, testing the constructed FCIs for predicting boom-bust episodes is difficult. Nevertheless, the FCI signaled lax financial conditions in 2009 and again in 2012 that likely contributed to accelerated credit growth in 2012–2013 and a subsequent acceleration in nonperforming loans during 2014–2016. |
| bloomberg us financial conditions index: Predicting Downside Risks to House Prices and Macro-Financial Stability Andrea Deghi, Mitsuru Katagiri, Mr.Sohaib Shahid, Nico Valckx, 2020-01-17 This paper predicts downside risks to future real house price growth (house-prices-at-risk or HaR) in 32 advanced and emerging market economies. Through a macro-model and predictive quantile regressions, we show that current house price overvaluation, excessive credit growth, and tighter financial conditions jointly forecast higher house-prices-at-risk up to three years ahead. House-prices-at-risk help predict future growth at-risk and financial crises. We also investigate and propose policy solutions for preventing the identified risks. We find that overall, a tightening of macroprudential policy is the most effective at curbing downside risks to house prices, whereas a loosening of conventional monetary policy reduces downside risks only in advanced economies and only in the short-term. |
| bloomberg us financial conditions index: Global Financial Stability Report, April 2019 International Monetary Fund. Monetary and Financial Systems Dept., 2019-04-10 The April 2019 Global Financial Stability Report (GFSR) finds that despite significant variability over the past two quarters, financial conditions remain accommodative. As a result, financial vulnerabilities have continued to build in the sovereign, corporate, and nonbank financial sectors in several systemically important countries, leading to elevated medium-term risks. The report attempts to provide a comprehensive assessment of these vulnerabilities while focusing specifically on corporate sector debt in advanced economies, the sovereign–financial sector nexus in the euro area, China’s financial imbalances, volatile portfolio flows to emerging markets, and downside risks to the housing market. These vulnerabilities require action by policymakers, including through the clear communication of any changes in their monetary policy outlook, the deployment and expansion of macroprudential tools, the stepping up of measures to repair public and private sector balance sheets, and the strengthening of emerging market resilience to foreign portfolio outflows. This GFSR also takes an in depth look at house prices at risk, a measure of downside risks to future house price growth—using theory, insights from past analyses, and new statistical techniques applied to 32 advanced and emerging market economies and major cities. The chapter finds that lower house price momentum, overvaluation, excessive credit growth, and tighter financial conditions predict heightened downside risks to house prices up to three years ahead. The measure of house prices at risk helps forecast downside risks to GDP growth and adds to early-warning models for financial crises. Policymakers can use estimates of house prices at risk to complement other surveillance indicators of housing market vulnerabilities and guide macroprudential policy actions aimed at building buffers and reducing vulnerabilities. Downside risks to house prices could also be relevant for monetary policymakers when forming their views on the downside risks to the economic and inflation outlook. Authorities considering measures to manage capital flows might also find such information useful when a surge in capital inflows increases downside risks to house prices and when other policy options are limited. |
| bloomberg us financial conditions index: US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs? Mr.Eugenio M Cerutti, Ms.Carolina Osorio Buitron, 2019-09-20 This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1-2014Q4, by assessing the impact of monetary, financial and real sector shocks in both the US and the euro area. The literature has traditionally highlighted the influence of US monetary policy on driving cross-border bank flows, and more recently the importance of both US and Euro Area (EA) financial/banking sectors’ related variables. Our contribution is the simultaneous analysis of the role of these US and EA drivers, as well as their interactions with real sector shocks. We corroborate the negative impact of US monetary policy tightening on cross-border lending to EMs, but we find that EA monetary policy seems to have an impact mostly on Emerging Europe, reflecting the fact that cross-border lending to most other EM regions is dollar denominated. We also find that real sector shocks in both the US and EA trigger an increase in cross-border lending, but less in EA when modeling the financial sector. Finally, for financial sector shocks, such as those associated with a decrease in bank leverage, our results indicate a broad-based overall contraction of cross-border lending if the shock originates in the US, and heterogenous effects across borrowing regions if the shock originates in the EA. |
| bloomberg us financial conditions index: An Economist Walks into a Brothel Allison Schrager, 2019-04-02 A Financial Times Book of the Month pick for April! Is it worth swimming in shark-infested waters to surf a 50-foot, career-record wave? Is it riskier to make an action movie or a horror movie? Should sex workers forfeit 50 percent of their income for added security or take a chance and keep the extra money? Most people wouldn't expect an economist to have an answer to these questions--or to other questions of daily life, such as who to date or how early to leave for the airport. But those people haven't met Allison Schrager, an economist and award-winning journalist who has spent her career examining how people manage risk in their lives and careers. Whether we realize it or not, we all take risks large and small every day. Even the most cautious among us cannot opt out--the question is always which risks to take, not whether to take them at all. What most of us don't know is how to measure those risks and maximize the chances of getting what we want out of life. In An Economist Walks into a Brothel, Schrager equips readers with five principles for dealing with risk, principles used by some of the world's most interesting risk takers. For instance, she interviews a professional poker player about how to stay rational when the stakes are high, a paparazzo in Manhattan about how to spot different kinds of risk, horse breeders in Kentucky about how to diversify risk and minimize losses, and a war general who led troops in Iraq about how to prepare for what we don't see coming. When you start to look at risky decisions through Schrager's new framework, you can increase the upside to any situation and better mitigate the downside. |
| bloomberg us financial conditions index: People’s Republic of China-Hong Kong Special Administrative Region International Monetary Fund. Asia and Pacific Dept, 2019-01-24 This Selected Issues paper discusses income inequality in Hong Kong Special Administrative Region (SAR). Income inequality in Hong Kong SAR remains high, despite declining recently. Redistributive policies implemented by the authorities have helped to lower income inequality. However, inequality is likely to rise in the medium-term due to aging and thus more needs to be done. A package of policies could lower the Gini index by 3–4 points by 2050 including: more progressive salaries tax; higher reliance on recurrent property taxes; and increased public expenditure on social welfare, health, housing, education and childcare. According to recent evidence in the literature, these policies could also boost growth by 0.2–0.5 percentage points per year. Public spending on social welfare could continue to be raised to boost redistribution and increase access of poorer households. Spending on education and childcare should be raised to help lower the market income inequality directly. The commissioned study aiming to determine the demand and supply for childcare services and map out the long-term service development programs, as well as the initiatives mentioned in the 2018 Policy Address, should help in this regard. |
| bloomberg us financial conditions index: Macro-financial Stability Policy In A Globalised World: Lessons From International Experience - Selected Papers From The Asian Monetary Policy Forum 2021 Special Edition And Mas-bis Conference Edward S Robinson, Claudio Borio, Hyun Song Shin, 2022-12-28 Since at least the Great Financial Crisis, authorities around the world have increasingly relied on macroprudential policy to help secure financial stability and complement monetary policy as an integral element of a broader macro-financial stability framework. In today's interconnected global financial system, policy actions taken by the major advanced economies can have spillovers on the rest of the world through their impact on capital flows and exchange rates, potentially generating vulnerabilities across borders. Conversely, in emerging market economies, macroprudential policy as well as foreign exchange intervention and/or capital flow management policy can help mitigate the corresponding impact. This can in turn generate spillbacks on advanced economies — spillbacks that have become more sizeable as the emerging market economies' heft in the world has grown. Yet little is known about these interactions.The contents of this book are based on a conference held on 26-28 May 2021 and jointly hosted by the Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS). It aims to contribute to existing literature on macro-financial policymaking by providing an overall conceptual framework and documenting the latest global trends and country experiences. In particular, it highlights the role of international spillovers and spillbacks, paying particular attention to emerging market economies. This book is essential reading for academics, graduate students and economic professionals. It can also serve as a handbook for policymakers at central banks, regulatory authorities and other government agencies tasked with designing and implementing macroprudential or more generally macro-financial stability policies. The book will also be of interest to researchers at international organisations. |
| bloomberg us financial conditions index: Alternative Economic Indicators C. James Hueng, 2020-09-08 Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty. |
| bloomberg us financial conditions index: Global Financial Stability Report, October 2019 International Monetary Fund. Monetary and Capital Markets Department, 2019-10-16 The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies. |
| bloomberg us financial conditions index: The Semiannual Monetary Policy Report to the Congress United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, 2017 |
| bloomberg us financial conditions index: Managing Climate Risk in the U.S. Financial System Leonardo Martinez-Diaz, Jesse M. Keenan, 2020-09-09 This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742 |
| bloomberg us financial conditions index: South Africa International Monetary Fund. African Dept., 2014-12-11 This Selected Issues paper estimates the potential growth rate for South Africa using different methodologies. In line with existing studies and findings for other emerging markets, the paper finds that South Africa’s potential growth rate has declined in the post global financial crisis period. Though there is substantial uncertainty, South Africa’s potential growth is estimated to have fallen from an average of 3.5 to 4 percent during 2000–08 to 2.25 to 2.50 percent in 2010–14, implying that the output gap in 2014 would be between –0.5 and –1.3 percent of GDP. |
| bloomberg us financial conditions index: The Riskiness of Credit Allocation and Financial Stability Mr.Luis Brandao-Marques, Qianying Chen, Claudio Raddatz, Jérôme Vandenbussche, Peichu Xie, 2019-09-27 We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson (2013)’s ISS indicator, helps predict downside risks to GDP growth and systemic banking crises, two to three years ahead. Our analysis indicates that the riskiness of credit allocation is both a measure of corporate vulnerability and of investor sentiment. Economic forecasters wrongly predict a positive association between the riskiness of credit allocation and future growth, suggesting a flawed expectations process. |
| bloomberg us financial conditions index: Global Financial Stability Report, April 2021 International Monetary Fund, 2021-04-06 Extraordinary policy measures have eased financial conditions and supported the economy, helping to contain financial stability risks. Chapter 1 warns that there is a pressing need to act to avoid a legacy of vulnerabilities while avoiding a broad tightening of financial conditions. Actions taken during the pandemic may have unintended consequences such as stretched valuations and rising financial vulnerabilities. The recovery is also expected to be asynchronous and divergent between advanced and emerging market economies. Given large external financing needs, several emerging markets face challenges, especially if a persistent rise in US rates brings about a repricing of risk and tighter financial conditions. The corporate sector in many countries is emerging from the pandemic overindebted, with notable differences depending on firm size and sector. Concerns about the credit quality of hard-hit borrowers and profitability are likely to weigh on the risk appetite of banks. Chapter 2 studies leverage in the nonfinancial private sector before and during the COVID-19 crisis, pointing out that policymakers face a trade-off between boosting growth in the short term by facilitating an easing of financial conditions and containing future downside risks. This trade-off may be amplified by the existing high and rapidly building leverage, increasing downside risks to future growth. The appropriate timing for deployment of macroprudential tools should be country-specific, depending on the pace of recovery, vulnerabilities, and policy tools available. Chapter 3 turns to the impact of the COVID-19 crisis on the commercial real estate sector. While there is little evidence of large price misalignments at the onset of the pandemic, signs of overvaluation have now emerged in some economies. Misalignments in commercial real estate prices, especially if they interact with other vulnerabilities, increase downside risks to future growth due to the possibility of sharp price corrections. |
| bloomberg us financial conditions index: The Economic Indicator Handbook Richard Yamarone, 2016-12-14 Analyze key indicators more accurately to make smarter market moves The Economic Indicator Handbook helps investors more easily evaluate economic trends, to better inform investment decision making and other key strategic financial planning. Written by a Bloomberg Senior Economist, this book presents a visual distillation of the indicators every investor should follow, with clear explanation of how they're measured, what they mean, and how that should inform investment thinking. The focus on graphics, professional application, Bloomberg terminal functionality, and practicality makes this guide a quick, actionable read that could immediately start improving investment outcomes. Coverage includes gross domestic product, employment data, industrial production, new residential construction, consumer confidence, retail and food service sales, and commodities, plus guidance on the secret indicators few economists know or care about. Past performance can predict future results – if you know how to read the indicators. Modern investing requires a careful understanding of the macroeconomic forces that lift and topple markets on a regular basis, and how they shift to move entire economies. This book is a visual guide to recognizing these forces and tracking their behavior, helping investors identify entry and exit points that maximize profit and minimize loss. Quickly evaluate economic trends Make more informed investment decisions Understand the most essential indicators Translate predictions into profitable actions Savvy market participants know how critical certain indicators are to the formulation of a profitable, effective market strategy. A daily indicator check can inform day-to-day investing, and long-term tracking can result in a stronger, more robust portfolio. For the investor who knows that better information leads to better outcomes, The Economic Indicator Handbook is an exceptionally useful resource. |
| bloomberg us financial conditions index: Embracing Modern C++ Safely John Lakos, Vittorio Romeo, Rostislav Khlebnikov, Alisdair Meredith, 2021-12-16 Maximize Reward and Minimize Risk with Modern C++ Embracing Modern C++ Safely shows you how to make effective use of the new and enhanced language features of modern C++ without falling victim to their potential pitfalls. Based on their years of experience with large, mission-critical projects, four leading C++ authorities divide C++11/14 language features into three categories: Safe, Conditionally Safe, and Unsafe. Safe features offer compelling value, are easy to use productively, and are relatively difficult to misuse. Conditionally safe features offer significant value but come with risks that require significant expertise and familiarity before use. Unsafe features have an especially poor risk/reward ratio, are easy to misuse, and are beneficial in only the most specialized circumstances. This book distills the C++ community's years of experience applying C++11 and C++14 features and will help you make effective and safe design decisions that reflect real-world, economic engineering tradeoffs in large-scale, diverse software development environments. The authors use examples derived from real code bases to illustrate every finding objectively and to illuminate key issues. Each feature identifies the sound use cases, hidden pitfalls, and shortcomings of that language feature. After reading this book, you will Understand what each C++11/14 feature does and where it works best Recognize how to work around show-stopping pitfalls and annoying corner cases Know which features demand additional training, experience, and peer review Gain insights for preparing coding standards and style guides that suit your organization's needs Be equipped to introduce modern C++ incrementally and judiciously into established code bases Seasoned C++ developers, team leads, and technical managers who want to improve productivity, code quality, and maintainability will find the insights in this modular, meticulously organized reference indispensable. Register your book for convenient access to downloads, updates, and/or corrections as they become available. See inside book for details. |
| bloomberg us financial conditions index: Global Financial Stability Report, April 2022 INTERNATIONAL MONETARY FUND., International Monetary Fund. Monetary and Capital Markets Department, 2022-04-19 Chapter 1 looks at the implications of the war in Ukraine on the financial system. Commodity prices pose challenging trade-offs for central banks. Many emerging and frontier markets are facing especially difficult conditions. In China, financial vulnerabilities remain elevated amid ongoing stress in the property sector and new COVID-19 outbreaks. Central banks should act decisively to prevent inflation from becoming entrenched without jeopardizing the recovery. Policymakers will need to confront the structural issues brought to the fore by the war, including the trade-off between energy security and climate transition. Chapter 2 discusses the sovereign-bank nexus in emerging markets. Bank holdings of domestic sovereign bonds have surged in emerging markets during the pandemic. With public debt at historically high levels and the sovereign credit outlook deteriorating, there is a risk of a negative feedback loop that could threaten macro-financial stability. Chapter 3 examines the challenges to financial stability posed by the rapid rise of risky business segments in fintech. Policies that target both fintech firms and incumbent banks proportionately are needed. |
| bloomberg us financial conditions index: Large Dimensional Factor Analysis Jushan Bai, Serena Ng, 2008 Large Dimensional Factor Analysis provides a survey of the main theoretical results for large dimensional factor models, emphasizing results that have implications for empirical work. The authors focus on the development of the static factor models and on the use of estimated factors in subsequent estimation and inference. Large Dimensional Factor Analysis discusses how to determine the number of factors, how to conduct inference when estimated factors are used in regressions, how to assess the adequacy pf observed variables as proxies for latent factors, how to exploit the estimated factors to test unit root tests and common trends, and how to estimate panel cointegration models. |
| bloomberg us financial conditions index: Global Financial Stability Report, October 2022 International Monetary, International Monetary Fund. Monetary and Capital Markets Department, 2022-10-11 Global financial stability risks have increased amid a series of cascading shocks. Chapter 1 analyzes the policy response of central banks to high inflation, the risks of a disorderly tightening of financial conditions, and debt distress among emerging and frontier markets. Markets have been extremely volatile, and a deterioration in market liquidity appears to have amplified price moves. In Europe, the energy crisis is contributing to a worsening outlook. In China, the property sector remains a key source of vulnerability. Chapter 2 examines how to narrow the climate financing gap in emerging market and developing economies. Climate policies, including carbon pricing, climate disclosures, and transition taxonomies, are crucial for enabling private climate finance. Innovative financial instruments can help to scale up private climate finance, but the public sector—including multilateral development banks—will have to play a key supporting role. Chapter 3 analyzes the contributions of open-end investment funds to fragilities in asset markets. Open-end investment funds play a key role in financial markets, but those offering daily redemptions while holding illiquid assets can amplify the effects of adverse shocks by raising the likelihood of investor runs and asset fire sales. This contributes to volatility in asset markets and potentially threatens financial stability. |
Financial conditions today are easier than when the Fed …
Note: The Bloomberg US Financial Conditions Index tracks the overall level of financial stress in the US money, bond, and equity markets to help assess the availability and cost of credit. A …
Financial Conditions - Federal Reserve Bank of St. Louis
Financial conditions indexes are the preferred method to summarize the state of financial markets. These indexes collect a variety of financial variables that help characterize the state of …
Bloomberg US Multi Asset Indices - data.bloomberglp.com
These multi asset benchmarks are comprised of Bloomberg indices across major asset classes, with each index constructed as a composite of at least one fixed income index and one equity …
Global Paper 213 updated
Our new Goldman Sachs Financial Conditions Index (GSFCI) is a weighted average of eight variables: the federal funds rate, the 5-year and 10-year Treasury note yields, the TED spread, …
National Financial Conditions Index: Frequently Asked Questions
The Chicago Fed’s National Financial Conditions Index (NFCI) provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets, and the …
Economic insights More tightening needed: US inflation ain't …
If anything, financial conditions indices (FCI)1, a measure of how accommodative or tight an economy's conditions are, suggest that the Fed needs to retain a tight policy to ensure that …
The Case for a Financial Conditions Index - Federal Reserve …
Response of US FCI Components to a 5yr UST Fed Shock Tighter Financial Conditions
Bloomberg Us Financial Conditions Index
Oct 11, 2023 · we consider daily stock returns of US deposit banks during the period 1994-2011, and proxy financial conditions by the Bloomberg Financial Conditions Index (FCI) which …
US financial conditions (as impacted by higher interest rates, …
US financial conditions (as impacted by higher interest rates, wider credit spreads, a stronger US dollar and lower equities) have tightened considerably since the Fed embarked on its hawkish …
01 ISM VS GMI Finacial Conditions Index - Real Vision
Jul 8, 2022 · GMI Financial Conditions Index 9 Month Lead 2015 10-Year USTs HY Spreads Small/Large Cap Cyclicals/Defensives 2005 2010 2020 Source: S&P 500 NASDAQ 2025 …
Figure 1.2. Global Financial Conditions - IMF
Market expectations of U.S. rates have drifted higher but remain below the Federal Reserve’s dot plot. 1. FOMC Projections and Market Implied Policy Rates (Percent) Despite continued …
Financial Conditions Indexes: A Fresh Look after the Financial …
A financial conditions index (FCI) summarizes the information about the future state of the economy contained in these current financial variables. Ideally, an FCI should measure …
ACCESS FINANCIAL SERVICES, INC. April 9, 2024 Quarterly …
Apr 24, 2024 · Chart 4, produced by Simon White at Bloomberg, shows the effective fed funds rate (blue line). It is the current policy rate, plus its expected change ove. the next year, plus …
Historically, markets rally during this “sweet spot” period …
In the most active week for G10 Central Banks in 2024, the Fed increased their 2024 growth forecast for the US economy from 1.4% to 2.1%, further evidence of a largely unexpected “soft …
Financial Conditions and the Evolution of Policy Transmission
Apr 18, 2023 · How should Central Banks interpret and use financial conditions indicators? What are the implications for forecasting economic activity and deciding monetary policy stance?
Targeted financial conditions indices and growth-at-risk
From the data underlying the Chicago Fed’s National Financial Conditions Index, we build targeted financial conditions indices for the quantiles of future US GDP growth.
2 year UST yields have surged nearly four percentage points …
for the US dollar and government bond yields in a dollar-based global financial system that is rapidly tightening. Notably, the 2 year UST yield has increased from 22 bps one year ago to …
Assessing and Combining Financial Conditions Indexes
Bloomberg FCIs. In section 3, we propose a method to extract a single and more precise measure of financial conditions from the set of indexes we consider. Having a reliable measure of …
Economics weekly - downloads.fnbsecurities.co.za
Apr 12, 2024 · Our in-house financial condition index, which we use to monitor broader financial conditions beyond just interest rates, suggests that alongside tighter monetary policy, overall …
MICHAEL R. ROSENBERG - Social Science Computing …
once the initial policy-induced growth spurt is behind us. There are several reasons to be optimistic about the year-ahead economic outlook. First, Bloomberg's Financial Conditions …
Financial conditions today are easier than when the Fed …
Note: The Bloomberg US Financial Conditions Index tracks the overall level of financial stress in the US money, bond, and equity markets to help assess the availability and cost of credit. A …
Financial Conditions - Federal Reserve Bank of St. Louis
Financial conditions indexes are the preferred method to summarize the state of financial markets. These indexes collect a variety of financial variables that help characterize the state of …
Bloomberg US Multi Asset Indices - data.bloomberglp.com
These multi asset benchmarks are comprised of Bloomberg indices across major asset classes, with each index constructed as a composite of at least one fixed income index and one equity …
Global Paper 213 updated
Our new Goldman Sachs Financial Conditions Index (GSFCI) is a weighted average of eight variables: the federal funds rate, the 5-year and 10-year Treasury note yields, the TED spread, …
National Financial Conditions Index: Frequently Asked …
The Chicago Fed’s National Financial Conditions Index (NFCI) provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets, and the …
Economic insights More tightening needed: US inflation ain't …
If anything, financial conditions indices (FCI)1, a measure of how accommodative or tight an economy's conditions are, suggest that the Fed needs to retain a tight policy to ensure that …
The Case for a Financial Conditions Index - Federal Reserve …
Response of US FCI Components to a 5yr UST Fed Shock Tighter Financial Conditions
Bloomberg Us Financial Conditions Index
Oct 11, 2023 · we consider daily stock returns of US deposit banks during the period 1994-2011, and proxy financial conditions by the Bloomberg Financial Conditions Index (FCI) which …
US financial conditions (as impacted by higher interest rates, …
US financial conditions (as impacted by higher interest rates, wider credit spreads, a stronger US dollar and lower equities) have tightened considerably since the Fed embarked on its hawkish …
01 ISM VS GMI Finacial Conditions Index - Real Vision
Jul 8, 2022 · GMI Financial Conditions Index 9 Month Lead 2015 10-Year USTs HY Spreads Small/Large Cap Cyclicals/Defensives 2005 2010 2020 Source: S&P 500 NASDAQ 2025 …
Figure 1.2. Global Financial Conditions - IMF
Market expectations of U.S. rates have drifted higher but remain below the Federal Reserve’s dot plot. 1. FOMC Projections and Market Implied Policy Rates (Percent) Despite continued …
Financial Conditions Indexes: A Fresh Look after the …
A financial conditions index (FCI) summarizes the information about the future state of the economy contained in these current financial variables. Ideally, an FCI should measure …
ACCESS FINANCIAL SERVICES, INC. April 9, 2024 Quarterly …
Apr 24, 2024 · Chart 4, produced by Simon White at Bloomberg, shows the effective fed funds rate (blue line). It is the current policy rate, plus its expected change ove. the next year, plus …
Historically, markets rally during this “sweet spot” period …
In the most active week for G10 Central Banks in 2024, the Fed increased their 2024 growth forecast for the US economy from 1.4% to 2.1%, further evidence of a largely unexpected “soft …
Financial Conditions and the Evolution of Policy Transmission
Apr 18, 2023 · How should Central Banks interpret and use financial conditions indicators? What are the implications for forecasting economic activity and deciding monetary policy stance?
Targeted financial conditions indices and growth-at-risk
From the data underlying the Chicago Fed’s National Financial Conditions Index, we build targeted financial conditions indices for the quantiles of future US GDP growth.
2 year UST yields have surged nearly four percentage points …
for the US dollar and government bond yields in a dollar-based global financial system that is rapidly tightening. Notably, the 2 year UST yield has increased from 22 bps one year ago to …
Assessing and Combining Financial Conditions Indexes
Bloomberg FCIs. In section 3, we propose a method to extract a single and more precise measure of financial conditions from the set of indexes we consider. Having a reliable measure of …
Economics weekly - downloads.fnbsecurities.co.za
Apr 12, 2024 · Our in-house financial condition index, which we use to monitor broader financial conditions beyond just interest rates, suggests that alongside tighter monetary policy, overall …
MICHAEL R. ROSENBERG - Social Science Computing …
once the initial policy-induced growth spurt is behind us. There are several reasons to be optimistic about the year-ahead economic outlook. First, Bloomberg's Financial Conditions …
