01980cas a2200277 a 4500 AALejournalIMF013566 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484343784 1018-5941 BD-DhAAL BD-DhAAL Arsov, Ivailo. Near-Coincident Indicators of Systemic Stress / Ivailo Arsov, Elie Canetti, Laura Kodres, Srobona Mitra. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (33 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 The G-20 Data Gaps Initiative has called for the IMF to develop standard measures of tail risk, which we identify in this paper with systemic risk. To understand the conditions under which tail risk is present, it is first necessary to develop a measure of what constitutes a systemic stress, or tail, event. We develop such a measure and uses it to assess the performance of eleven near-term systemic risk indicators as 'early' warning of distress among top financial institutions in the United States and the euro area. Two indicators perform particularly well in both regions, and a couple of other simple indicators do well across a number of criteria. We also find that the sizes of institutions do not necessarily correspond with their contribution to spillover risk. Some practical guidance for policies is provided. Mode of access: Internet Canetti, Elie. Kodres, Laura. Mitra, Srobona. IMF Working Papers; Working Paper ; No. 2013/115 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/115/001.2013.issue-115-en.xml IMF e-Library