## Figure 2.3.1. The Riskiness of Credit Allocation and Financial Conditions

## Source details

**Canonical URL:** [Figure 2.3.1. The Riskiness of Credit Allocation and Financial Conditions](https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-2/csv/boxfigure231.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/april/chapter-2/csv/boxfigure231.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/april/chapter-2/csv/boxfigure231.csv.json)

---

### Overview
- Dataset presents four impulse-response panels with values by horizon (0 to 7). Values are given exactly as in the source for each horizon.

### 1. Response of Riskiness to Credit Growth Shock
- Horizon 0: 0, 0, 0
- Horizon 1: 0.0853434, 0.019414761, 0.151272039
- Horizon 2: 0.0702666, 0.00889675, 0.131636451
- Horizon 3: 0.0486343, -0.000992718, 0.098261318
- Horizon 4: 0.0317346, -0.00569244, 0.06916164
- Horizon 5: 0.0193839, -0.00764855, 0.04641635
- Horizon 6: 0.0107498, -0.008246002, 0.029745602
- Horizon 7: 0.005132, -0.007991317, 0.018255317

### 2. Response of Credit Growth to Riskiness Shock
- Horizon 0: 0.7796787, 0.517320776, 1.042036625
- Horizon 1: 0.6782162, 0.218059692, 1.138372708
- Horizon 2: 0.5267004, 0.045234562, 1.008166238
- Horizon 3: 0.2826132, -0.111410525, 0.676636925
- Horizon 4: 0.0791796, -0.205145655, 0.363504855
- Horizon 5: -0.0391448, -0.230282779, 0.151993179
- Horizon 6: -0.0850606, -0.20969896, 0.03957776
- Horizon 7: -0.0867791, -0.169269928, -0.004288272

### 3. Response of FCI to Riskiness Shock
- Horizon 0: 0, -0.0988633, -0.150632931, -0.04709367
- Horizon 1: 1, -0.2117127, -0.301447286, -0.121978115
- Horizon 2: 2, -0.2121897, -0.306294393, -0.118085008
- Horizon 3: 3, -0.1637107, -0.239777145, -0.087644255
- Horizon 4: 4, -0.1064717, -0.160775947, -0.052167454
- Horizon 5: 5, -0.0590078, -0.097126727, -0.020888873
- Horizon 6: 6, -0.0264435, -0.054954147, 0.002067147
- Horizon 7: 7, -0.0073472, -0.029630041, 0.014935641

### 4. Response of Riskiness to FCI Shock
- Horizon 0: 0, 0, 0
- Horizon 1: 1, 0.1906719, 0.130518198, 0.250825602
- Horizon 2: 2, 0.22904, 0.165247723, 0.292832278
- Horizon 3: 3, 0.1964154, 0.138278468, 0.254552332
- Horizon 4: 4, 0.1405603, 0.089165401, 0.1919552
- Horizon 5: 5, 0.086949, 0.041488767, 0.132409233
- Horizon 6: 6, 0.0459648, 0.006689932, 0.085239669
- Horizon 7: 7, 0.019196, -0.013003559, 0.051395559

*Source: boxfigure231 (dataset overview).*

---


_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-2/csv/boxfigure231.csv_