Financial stability and stress indicators 47. Let me finally turn to financial stability and stress indicators. The challenge of preserving and bolstering financial stability has come centre stage post crisis. We now know that price stability and macroeconomic stability do not necessarily guarantee financial stability and that financial stability needs to be pursued as a policy objective in its own right.
This post crisis thinking has presented statisticians with a new set of challenges – that of developing additional matrices to monitor financial stability. Indeed, the crisis has highlighted the importance of developing relevant statistics that are timely, internally consistent, and comparable across countries. 48.