## Figure 1.2. Global Financial Conditions (dataset)

## Source details

**Canonical URL:** [Figure 1.2. Global Financial Conditions (dataset)](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-2.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-2.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-2.csv.json)

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### Overview
- Title / header: ( Z-scores, 1996�2019)
- Content: Time series of Financial Conditions Indices (Z-scores) and component Z-scores for four regions/groups:
  - 1. Financial Conditions Index: United States
  - 2. Financial Conditions Index: Euro Area
  - 3. Financial Conditions Index: China
  - 4. Financial Conditions Index: Systemically Important Emerging Market Economies Other than China
- Worksheet name: csv
- Row count: 37
- Column count: 28

### Variables and structure
- Column groups (for each of the four indices) include:
  - Index
  - Interest rates
  - House prices
  - Corporate valuations
- China and EM group include additional component labeled "EM external costs"
- Dates are given as month/day/year strings (examples in sample rows)

### Sample observations (exact values from dataset sample rows)
- 3/30/2012
  - United States: Index = 0.28; Interest rates = -0.03; House prices = 0.15; Corporate valuations = 0.16
  - Euro Area: Index = 1.75; Interest rates = 0.82; House prices = 0.20; Corporate valuations = 0.73
  - China: Index = 2.07; EM external costs = 0.50; Corporate valuations = 0.65; Interest rates = 0.72; House prices = 0.20
  - Systemically Important EMs Other than China: Index = 0.60; EM external costs = 0.07; Corporate valuations = 0.07; Interest rates = 0.46; House prices = 0.00
- 6/29/2012
  - United States: Index = 0.26; Interest rates = -0.10; House prices = 0.00; Corporate valuations = 0.35
  - Euro Area: Index = 2.10; Interest rates = 0.79; House prices = 0.26; Corporate valuations = 1.06
  - China: Index = 1.49; EM external costs = 0.47; Corporate valuations = 0.40; Interest rates = 0.41; House prices = 0.21
  - Systemically Important EMs Other than China: Index = 0.58; EM external costs = 0.10; Corporate valuations = 0.15; Interest rates = 0.33; House prices = 0.00
- 9/28/2012
  - United States: Index = -0.15; Interest rates = -0.15; House prices = -0.07; Corporate valuations = 0.07
  - Euro Area: Index = 1.40; Interest rates = 0.48; House prices = 0.31; Corporate valuations = 0.61
  - China: Index = 1.05; EM external costs = 0.20; Corporate valuations = 0.24; Interest rates = 0.43; House prices = 0.18
  - Systemically Important EMs Other than China: Index = 0.31; EM external costs = -0.01; Corporate valuations = 0.11; Interest rates = 0.19; House prices = 0.01

### Key uses and interpretation
- The dataset provides Z-score standardized measures (1996–2019 baseline) of financial conditions and their component drivers by region.
- Components allow decomposition of index movements into interest rates, house prices, corporate valuations, and (for China and other EMs) EM external costs.
- Time series structure supports analysis of cross-region financial conditions synchronization, component contributions, and historical comparisons over 1996–2019.

*Source: figure1-2.csv*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-2.csv_