Measuring Financial Stress Index for Malaysian Economy

Cilt: 6 Sayı: 3 1 Mayıs 2016
  • Jauhari Dahalan
  • Hussin Bin Abdullah
  • Mohammed Umar
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Measuring Financial Stress Index for Malaysian Economy

Abstract

The study measures financial stress index for Malaysian economy. We aggregate the identified financial and economic factors into a single index using the principal component analysis (CPA). The result shows that MFSI increases as a result of increase in banking sector fragility index, credit stress, external debt, stock market volatility and exchange market pressure index. Moreover, the weights of the variables reveal that the magnitude of the Malaysian financial stress is mainly driven by the fragility of the banking sector. The combine variables explain about 53 percent of the total variation in the Malaysian financial stress index (MFSI). Thus, the financial stress is determined to be the key player in the co-movement of the components used in the construction process. Furthermore, the aggregated components practically capture the known key aspects of financial stress in Malaysia. The implication of the finding is that authorities should focus more on banking sector stability than other components of the financial stress. This will help to reduce the overheating of the Malaysian financial stress.

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Jauhari Dahalan Bu kişi benim

Hussin Bin Abdullah Bu kişi benim

Mohammed Umar Bu kişi benim

Yayımlanma Tarihi

1 Mayıs 2016

Gönderilme Tarihi

1 Mayıs 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2016 Cilt: 6 Sayı: 3

Kaynak Göster

APA
Dahalan, J., Abdullah, H. B., & Umar, M. (2016). Measuring Financial Stress Index for Malaysian Economy. International Journal of Economics and Financial Issues, 6(3), 942-947. https://izlik.org/JA46WC46RH
AMA
1.Dahalan J, Abdullah HB, Umar M. Measuring Financial Stress Index for Malaysian Economy. IJEFI. 2016;6(3):942-947. https://izlik.org/JA46WC46RH
Chicago
Dahalan, Jauhari, Hussin Bin Abdullah, ve Mohammed Umar. 2016. “Measuring Financial Stress Index for Malaysian Economy”. International Journal of Economics and Financial Issues 6 (3): 942-47. https://izlik.org/JA46WC46RH.
EndNote
Dahalan J, Abdullah HB, Umar M (01 Mayıs 2016) Measuring Financial Stress Index for Malaysian Economy. International Journal of Economics and Financial Issues 6 3 942–947.
IEEE
[1]J. Dahalan, H. B. Abdullah, ve M. Umar, “Measuring Financial Stress Index for Malaysian Economy”, IJEFI, c. 6, sy 3, ss. 942–947, May. 2016, [çevrimiçi]. Erişim adresi: https://izlik.org/JA46WC46RH
ISNAD
Dahalan, Jauhari - Abdullah, Hussin Bin - Umar, Mohammed. “Measuring Financial Stress Index for Malaysian Economy”. International Journal of Economics and Financial Issues 6/3 (01 Mayıs 2016): 942-947. https://izlik.org/JA46WC46RH.
JAMA
1.Dahalan J, Abdullah HB, Umar M. Measuring Financial Stress Index for Malaysian Economy. IJEFI. 2016;6:942–947.
MLA
Dahalan, Jauhari, vd. “Measuring Financial Stress Index for Malaysian Economy”. International Journal of Economics and Financial Issues, c. 6, sy 3, Mayıs 2016, ss. 942-7, https://izlik.org/JA46WC46RH.
Vancouver
1.Jauhari Dahalan, Hussin Bin Abdullah, Mohammed Umar. Measuring Financial Stress Index for Malaysian Economy. IJEFI [Internet]. 01 Mayıs 2016;6(3):942-7. Erişim adresi: https://izlik.org/JA46WC46RH