## Dataset overview: figure1-2 (Global Financial Conditions)

## Source details

**Canonical URL:** [Dataset overview: figure1-2 (Global Financial Conditions)](https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/csv/figure1-2.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/oct/ch1/csv/figure1-2.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/oct/ch1/csv/figure1-2.csv.json)

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### Dataset structure and panels
- Worksheet name: csv
- Row count: 36
- Column count: 32
- The dataset presents Z-scores over 1996-2018:Q3 for global financial conditions organized into panels:
  - Panel 3. Financial Conditions: United States
  - Panel 4. Financial Conditions: Other Systemically Important Advanced Economies
  - Panel 5. Financial Conditions: China
  - Panel 6. Financial Conditions: Other Systemically Important Emerging Market Economies
- Column headings (sample): Index; Interest rates; House prices; Corporate valuations; EM external costs; Interest costs; Corporate valuations; Interest rates; House prices (appearing per panel as appropriate).

### Sample time series values (quarterly rows shown exactly as in the dataset)
- 3/31/2012
  - United States: Index = 0.27; Interest rates = -0.04; House prices = 0.15; Corporate valuations = 0.16
  - Other Systemically Important Advanced Economies: Index = 1.40; Interest rates = 0.46; House prices = 0.23; Corporate valuations = 0.70
  - China: Index = 2.09; EM external costs = 0.51; Corporate valuations = 0.67; Interest costs = 0.73; House prices = 0.18
  - Other Systemically Important Emerging Market Economies: Index = 0.65; EM external costs = 0.05; Corporate valuations = 0.09; Interest rates = 0.50; House prices = 0.01
- 6/30/2012
  - United States: Index = 0.25; Interest rates = -0.10; House prices = 0.00; Corporate valuations = 0.35
  - Other Systemically Important Advanced Economies: Index = 1.66; Interest rates = 0.45; House prices = 0.25; Corporate valuations = 0.97
  - China: Index = 1.51; EM external costs = 0.48; Corporate valuations = 0.42; Interest costs = 0.41; House prices = 0.20
  - Other Systemically Important Emerging Market Economies: Index = 0.61; EM external costs = 0.08; Corporate valuations = 0.17; Interest rates = 0.35; House prices = 0.02
- 9/30/2012
  - United States: Index = -0.16; Interest rates = -0.15; House prices = -0.07; Corporate valuations = 0.07
  - Other Systemically Important Advanced Economies: Index = 1.17; Interest rates = 0.31; House prices = 0.27; Corporate valuations = 0.59
  - China: Index = 1.06; EM external costs = 0.21; Corporate valuations = 0.26; Interest costs = 0.42; House prices = 0.17
  - Other Systemically Important Emerging Market Economies: Index = 0.34; EM external costs = -0.01; Corporate valuations = 0.12; Interest rates = 0.22; House prices = 0.02
- 12/31/2012
  - United States: Index = -0.32; Interest rates = -0.22; House prices = -0.15; Corporate valuations = 0.04
  - Other Systemically Important Advanced Economies: Index = 0.71; Interest rates = 0.09; House prices = 0.24; Corporate valuations = 0.39
  - China: Index = 0.91; EM external costs = 0.11; Corporate valuations = 0.24; Interest costs = 0.42; House prices = 0.15
  - Other Systemically Important Emerging Market Economies: Index = 0.04; EM external costs = 0.01; Corporate valuations = -0.02; Interest rates = 0.03; House prices = 0.01

### Key observations (from the dataset layout and sample values)
- The dataset provides panel-level Z-scores standardized over 1996-2018:Q3 for multiple regions and components of financial conditions.
- Panels include both aggregate "Index" measures and component indicators such as Interest rates, House prices, Corporate valuations, EM external costs, and Interest costs.
- Sample quarterly observations display cross-panel heterogeneity in levels and signs (positive and negative Z-scores) for the same dates.

*Source: figure1-2.csv (Global Financial Conditions dataset).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/csv/figure1-2.csv_