NDLI: Modelling Financial Stability Index for Latvian Financial System

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Modelling Financial Stability Index for Latvian Financial System

Content Provider	Semantic Scholar
Author	Kondratovs, Kirils
Copyright Year	2014
Abstract	Financial disturbances can be costly. In particular, systemic events in financial markets, such as banking crises, often affect thewhole society in a deeply traumatising way. Consequently, it is important to anticipate risks of such adverse development so as totry to prevent that kind of disaster and ensure financial stability. Author of this paper analyses fragility of financial system of Latviato the fluctuations in global economy and changes in direction of international capital flows by creating complex financial systemstability index. Results have proven that dynamics of every developed sub-index show unique economic processes defining Latvianfinancial system’s stability. Secondly, sub-indices analysis allows to determine that Latvian financial vulnerability began to worsenin 2005, however, Latvian financial stability downward movement started in 2002, that in its turn shows the necessity for Latvianeconomic policy makers to get more actively involved in preventing growing risks of economy. Latvian financial system stabilityindex established in this working paper and its accompanying methodology can be further used in follow-up research and Latvianfinancial stability index improvement.KEYWORDS: financial system, financial stability, index modeling.
Starting Page	118
Ending Page	129
Page Count	12
File Format	PDF HTM / HTML
DOI	10.15181/rfds.v8i3.573
Volume Number	8
Alternate Webpage(s)	http://journals.ku.lt/index.php/RFDS/article/download/573/pdf
Alternate Webpage(s)	https://doi.org/10.15181/rfds.v8i3.573
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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