## Figure 2.1. Financial Conditions Have Been Loose in Recent Years

## Source details

**Canonical URL:** [Figure 2.1. Financial Conditions Have Been Loose in Recent Years](https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-2/pdf/figure2-1.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/april/chapter-2/pdf/figure2-1.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/april/chapter-2/pdf/figure2-1.pdf.json)

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### Key elements of the figure
- Percentile series shown:
  - 10th percentile
  - 25th percentile
  - Median
  - 75th percentile
  - 90th percentile
- Horizontal axis labeling as presented:
  - 1991
  - 9293949596979899
  - 2000
  - 01020304050607080910111213141516
  - 17
- Vertical axis tick values:
  - –1.0
  - –0.5
  - 0.0
  - 0.5
  - 1.0
  - 1.5
  - 2.0
  - 2.5
  - 3.0
  - 3.5
- Directional annotation:
  - Tighter financial conditions

### Findings illustrated
- The figure plots the Financial Conditions Index (FCI) distribution across countries, showing five cross-country percentiles (10th, 25th, median, 75th, 90th) over time.
- The caption states: "Financial conditions have been loose in recent years," indicating lower FCI values in the later part of the sample relative to earlier periods as represented by the percentile series.

### Data and methodology notes (verbatim)
- Source: IMF staff estimates.
- Note: A higher level of the financial conditions index (FCI) means financial conditions are tighter. The sample comprises 41 advanced and emerging market economies. For methodology and variables included in the FCI, refer to Annex 3.2 of the October 2017 Global Financial Stability Report.

*Source: Figure 2.1, IMF staff estimates.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-2/pdf/figure2-1.pdf_