Sun, Lixin; Huang, Yuqin - In: Economics: The Open-Access, Open-Assessment E-Journal 10 (2016) 2016-19, pp. 1-41
In this paper, employing several econometric techniques, the authors construct a financial stress index (CNFSI) and a financial conditions index (CNFCI) to measure the instability of China's financial system. The indices are based on the monthly data collected from China's inter-bank markets,...