Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis

What can we learn about liquidity, solvency and mispricing risks through the study of a prolonged financial cycle? The IMF’s Plamen K. Iossifov and Tomas Dutra Schmidt analyze a range of macrofinancial indicators to extract signals about cyclical systemic risk across 107 economies, from 1995-2020.