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New Approach to Financial and Economic Stability in the United States from a Banking Perspective
Author(s) -
Fernández Fernández José Alejandro,
Bejarano Vázquez Virginia,
Vicente Virseda Juan Antonio
Publication year - 2021
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/1759-3441.12300
Subject(s) - financial stability , corporation , originality , work (physics) , economic stability , financial system , state (computer science) , economics , stability (learning theory) , perspective (graphical) , business , finance , macroeconomics , political science , engineering , artificial intelligence , computer science , mechanical engineering , algorithm , machine learning , creativity , law
This work analyses the relationships between the banking sector and the economy as a whole in the United States between 1990 and 2016. The data are obtained from the Federal Reserve System (FED) and the Federal Deposit Insurance Corporation (FDIC). The methodology applied is canonical analysis, and this analysis will allow us to obtain composite indicators on the real and financial state of the economy, among other composite indicators. This study’s main contribution and originality is centred on this new way of addressing financial and economic stability. Its contributions to macroprudential policy, as well as the financial and economic stability measures it creates, are valuable.