the "fuzziness" with which financial (in)stability can be measured. We review the available measurement methodologies and … measurement does not prevent further progress towards an operational framework, as long as it is appropriately accounted for … stabilisers rather than discretion, thereby lessening the burden on the real-time measurement of financial stability risks; and …

framework developed by Hyman P. Minsky, the paper focuses on the risk of amplification of shock via a debt deflation instead of … the risk of a shock per se. Thus, instead of focusing on credit risk, for example, financial fragility is defined in … relation to the means used to service debts, given credit risk and all other sources of shocks. The greater the expected …

risk and to detect macrofinancial problems has become a central concern. In the United States, this concern has been …

risk and to detect macrofinancial problems has become a central concern. In the United States, this concern has been … Crises ; Macroprudential Risk ; Debt-Deflation Process ; Ponzi Finance …

framework developed by Hyman P. Minsky, the paper focuses on the risk of amplification of shock via a debt deflation instead of … the risk of a shock per se. Thus, instead of focusing on credit risk, for example, financial fragility is defined in … relation to the means used to service debts, given credit risk and all other sources of shocks. The greater the expected …

order to prevent the occurrence of systemic risk episodes. For this reason testing the effectiveness of different …