Economic resilience: A new set of vulnerability indicators for OECD countries:
The high costs of crises underscore the need to strengthen the resilience of economies, notably by assessing early on potential vulnerabilities that can lead to such costly events. This paper first discusses the source and nature of potential vulnerabilities in OECD countries that can lead to costly...
Gespeichert in:
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2015
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1249 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The high costs of crises underscore the need to strengthen the resilience of economies, notably by assessing early on potential vulnerabilities that can lead to such costly events. This paper first discusses the source and nature of potential vulnerabilities in OECD countries that can lead to costly economic crises. Based on the most recent evidence from the early warning literature and lessons learned from the global financial crisis, it then proposes a new dataset of more than 70 vulnerability indicators that could be monitored to assess country risks in OECD economies. The indicators are grouped into five domestic areas: i) financial sector imbalances, ii) non-financial sector imbalances, iii) asset market imbalances, iv) public sector imbalances and v) external sector imbalances. An additional international "spillovers, contagion and global risks" category aims at capturing vulnerabilities that could transmit from one country to another through financial, trade or confidence channels. Evidence in a companion paper (Hermansen and Röhn, 2015) shows that the majority of the proposed indicators for which sufficiently long time series exists is helpful in predicting severe recessions and crises in the 34 OECD economies and Latvia between 1970 and 2014. |
| Beschreibung: | 1 Online-Ressource (40 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5jrxhgjw54r8-en |
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| indexdate | 2024-11-26T14:55:54Z |
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| spelling | Röhn, Oliver VerfasserIn aut Economic resilience: A new set of vulnerability indicators for OECD countries Oliver, Röhn ... [et al] = Résilience économique: Un nouvel ensemble d'indicateurs de vulnérabilité pour les pays OCDE / Oliver, Röhn ... [et al] Résilience économique: Un nouvel ensemble d'indicateurs de vulnérabilité pour les pays OCDE Paris OECD Publishing 2015 1 Online-Ressource (40 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1249 The high costs of crises underscore the need to strengthen the resilience of economies, notably by assessing early on potential vulnerabilities that can lead to such costly events. This paper first discusses the source and nature of potential vulnerabilities in OECD countries that can lead to costly economic crises. Based on the most recent evidence from the early warning literature and lessons learned from the global financial crisis, it then proposes a new dataset of more than 70 vulnerability indicators that could be monitored to assess country risks in OECD economies. The indicators are grouped into five domestic areas: i) financial sector imbalances, ii) non-financial sector imbalances, iii) asset market imbalances, iv) public sector imbalances and v) external sector imbalances. An additional international "spillovers, contagion and global risks" category aims at capturing vulnerabilities that could transmit from one country to another through financial, trade or confidence channels. Evidence in a companion paper (Hermansen and Röhn, 2015) shows that the majority of the proposed indicators for which sufficiently long time series exists is helpful in predicting severe recessions and crises in the 34 OECD economies and Latvia between 1970 and 2014. Economics Caldera Sánchez, Aida MitwirkendeR ctb Hermansen, Mikkel MitwirkendeR ctb Rasmussen, Morten MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5jrxhgjw54r8-en Volltext |
| spellingShingle | Röhn, Oliver Economic resilience: A new set of vulnerability indicators for OECD countries Economics |
| title | Economic resilience: A new set of vulnerability indicators for OECD countries |
| title_alt | Résilience économique: Un nouvel ensemble d'indicateurs de vulnérabilité pour les pays OCDE |
| title_auth | Economic resilience: A new set of vulnerability indicators for OECD countries |
| title_exact_search | Economic resilience: A new set of vulnerability indicators for OECD countries |
| title_full | Economic resilience: A new set of vulnerability indicators for OECD countries Oliver, Röhn ... [et al] = Résilience économique: Un nouvel ensemble d'indicateurs de vulnérabilité pour les pays OCDE / Oliver, Röhn ... [et al] |
| title_fullStr | Economic resilience: A new set of vulnerability indicators for OECD countries Oliver, Röhn ... [et al] = Résilience économique: Un nouvel ensemble d'indicateurs de vulnérabilité pour les pays OCDE / Oliver, Röhn ... [et al] |
| title_full_unstemmed | Economic resilience: A new set of vulnerability indicators for OECD countries Oliver, Röhn ... [et al] = Résilience économique: Un nouvel ensemble d'indicateurs de vulnérabilité pour les pays OCDE / Oliver, Röhn ... [et al] |
| title_short | Economic resilience: A new set of vulnerability indicators for OECD countries |
| title_sort | economic resilience a new set of vulnerability indicators for oecd countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5jrxhgjw54r8-en |
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