A heatmap for the Peruvian financial market
By Diego Chicana ; Rafael Nivin ; Derry Quintana ; Elmer Sánchez ; Diego Yamunaqué ; Alex Cisneros
November 2020
Language: Spanish
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Keywords
- alerta temprana
- financial stability
- heatmap
JEL Classification
- G01
- G12
- G21
- G23
- G28
Abstract
The document proposes the development of a heatmap for the Peruvian financial market that serves as a risk monitoring tool to financial stability. This tool allows the identification of potential vulnerabilities in the capital markets, the banking system and the money market. Based on the methodology proposed by Aikman and others (2017), a heatmap was developed to characterize the episodes of financial stress in the Peruvian economy throughout the last 15 years. Likewise, the proposed heatmap can be used as an early warning tool to identify potential future financial stress events.