Bagliano, Fabio C.; Morana, Claudio - Dipartimento di Scienze Economico-Sociali e … - 2012
The recent financial crisis has highlighted the fragility of the US (and other countries') financial system under several respects. In this paper, the properties of a summary index of financial fragility, obtained by combining information conveyed by the "Agency", "Ted" and "BAA-AAA" spreads,...
