01619cas a2200241 a 4500 AALejournalIMF014087 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484320839 1018-5941 BD-DhAAL BD-DhAAL Shin, Hyun. Procyclicality and the Search for Early Warning Indicators / Hyun Shin. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (16 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 This paper compares three types of early warning indicators of financial instability - those based on financial market prices, those based on normalized measures of total credit and those based on liabilities of financial intermediaries. Prices perform well as concurrent indicators of market conditions but are not suitable as early warning indicators. Total credit and liabilities convey similar information and perform better as early warning indicators, but liabilities are more transparent and the decomposition between core and non-core liabilities convey additional useful information. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2013/258 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/258/001.2013.issue-258-en.xml IMF e-Library