01779cas a2200265 a 4500 AALejournalIMF011159 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462314331 1018-5941 BD-DhAAL BD-DhAAL Osorio Buitron, Carolina. A Quantitative Assessment of Financial Conditions in Asia / Carolina Osorio Buitron, Filiz Unsal, Runchana Pongsaparn. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We propose a new Financial Condition Index (FCI) for Asian economies based on two different methodologies: a VAR model and a Dynamic Factor Model. The paper shows that this index has predictive power in forecasting GDP growth and may be thus used as a leading indicator. Based on the FCI, financial conditions in Asia tightened substantially earlier in the global crisis, reflecting losses in the stock markets and tighter credit conditions. In early 2010, financial conditions in Asia recovered rapidly and reached precrisis levels, thanks to accommodative monetary policies and a rapid rebound in regional equity markets. Mode of access: Internet Pongsaparn, Runchana. Unsal, Filiz. IMF Working Papers; Working Paper ; No. 2011/170 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/170/001.2011.issue-170-en.xml IMF e-Library