IMF economists build financial stress index for 110 countries
A team of economists from the International Monetary Fund (IMF) has developed a financial stress index for 110 countries, which could unlock new insights into the process of booms and busts.
The research uses a text-based algorithm that is then laboriously cross-checked by humans to eliminate false positives. The authors say their measure picks up financial crises earlier than some other approaches and contains richer information on both the duration and severity of stress.
The IMF team –
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