To further validate our estimates, we recently adapted and employed two more models: the basic multivariate filter (BMVF), proposed by Blagrave et al. in 2015, and the multivariate state-space framework (MSSF). The latter is an enhanced version of the BMVF that is sufficiently flexible to incorporate a range of assumptions about economic relationships.
BIS central bankers’ speeches  1  We have indeed seen the marauders at the gate, breaching the fortress of regulation, both in the insurance and credit union sectors. And we are still experiencing the painful emotional and financial costs to our citizens and to our economy.