Publicación: Banking system resilience and stability: constructing a composite indicator for developed countries
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2019-10-14
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Atribución-NoComercial-SinDerivadas 4.0 Internacional
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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Emerald
Resumen
The aim of this paper is to empirically appraise the health of banking systems by applying a new theoretical framework based on complex system theories. For doing so we propose a composite indicator for analysing the resilience and stability of banking systems for a group of advanced economies including the group of G7 countries, Spain and Portugal. The empirical results reveal quite different patterns in the aftermath of the financial crises. While some countries have improved its relative position within the ranking, we find others evolving just in the opposite direction. The main purpose of the indicator is not to make predictions of future banks’ behaviour, but rather to use it as an early warning system for policymakers and supervisors in identifying signs of weakness, as well as a useful tool to identify the best practices.
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Categorías UNESCO
Palabras clave
resilience, financial stability, banking system, composite indicator, financial crises, macroprudential regulation
Citación
Centro
Facultad de Ciencias Económicas y Empresariales
Departamento
Economía Aplicada