As shown in the figure, the probability of stock price entering FCI shows an increasing trend.
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The dynamic impact mechanism of China's financial conditions on real economy and international crude oil market.
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The sentences
it can be found that during the global financial crisis in 2008 and the European debt crisis that started at the end of 2010, FCI showed a decreasing trend and was at a low level, which indicating that it has an important indication action on the occurrence of the financial crisis.
The second column shows a response of real economy and FCI by oil shocks, and the results mean that impact of international oil price increase on real economy and financial condition has similarity in different volatility states, specifically, it on financial condition shows a positive trend first and then negative trend, but it always shows negative impact on real economy.