TY - JOUR
T1 - An economic and financial turbulence index
T2 - The Mexican case 1996-2017
AU - Razo-De-Anda, Jorge Omar
AU - Cruz-Aké, Salvador
AU - Venegas-Martínez, Francisco
AU - López-Herrera, Francisco
N1 - Publisher Copyright:
© 2018, ASERS Publishing House. All rights reserved.
PY - 2018
Y1 - 2018
N2 - This paper is aimed at providing an economic and financial turbulence index useful to determine the source factors and root causes of any type of crisis. The methodology is based on Minsky’s (1974) Financial Instability Hypothesis and on Mahalanobis’ distance. To do that, the dinamic correlations among Minsky’s financial dimensions and principal component analysis are examined. The Mexican case is studied since in the last decades, it has undergone two financial crises that seem to have had different root causes and features.
AB - This paper is aimed at providing an economic and financial turbulence index useful to determine the source factors and root causes of any type of crisis. The methodology is based on Minsky’s (1974) Financial Instability Hypothesis and on Mahalanobis’ distance. To do that, the dinamic correlations among Minsky’s financial dimensions and principal component analysis are examined. The Mexican case is studied since in the last decades, it has undergone two financial crises that seem to have had different root causes and features.
KW - Economic and financial crises
KW - Multivariate analysis
KW - Principal components
UR - http://www.scopus.com/inward/record.url?scp=85052993685&partnerID=8YFLogxK
M3 - Artículo
SN - 1843-6110
VL - 13
SP - 871
EP - 888
JO - Journal of Applied Economic Sciences
JF - Journal of Applied Economic Sciences
IS - 4
ER -