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- Title
Financial Stress: What Is It, How Can It Be Measured, and Why Does It Matter?
- Authors
Hakkio, Craig S.; Keeton, William R.
- Abstract
The article explains the relationship between the components of the Kansas City Financial Stress Index (KCFSI) and financial stress in the U.S. It states that high values of the KCFSI have seem to coincide with known periods of financial stress and offer important information about future economic growth. The article also discusses a set of financial variables, explores the link between the KCFSI and economic activities, and examines how the KCFSI can be used in determining the severity of financial stress.
- Subjects
UNITED States; FINANCIAL stress; ECONOMIC activity; UNITED States economy, 2001-2009; ECONOMIC development; FINANCIAL management; URBAN growth; ECONOMIC indicators; ECONOMIC expansion
- Publication
Economic Review (01612387), 2009, Vol 94, Issue 2, p5
- ISSN
0161-2387
- Publication type
Article