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The CISS is computed for the Euro Area as a whole. It includes 15 raw, mainly market-based financial stress measures that are split equally into five categories, namely the financial intermediaries sector, money markets, equity markets, bond markets and foreign exchange markets. For further details, see Holló, D., Kremer, M. and Lo Duca, M., "CISS - A Composite Indicator of Systemic Stress in the Financial System" , Working Paper Series , No 1426, ECB, March 2012. The CISS is also available for the United States of America, following a computation analogous to the Euro Area definition described above. The US CISS is comprised of the appropriate sub-indices for the United States financial system. The SovCISS measures stress in sovereign debt markets in the Euro Area as a whole and in several Euro Area and non-Euro Area EU countries. The methodology is described in Garcia-de-Andoain, C. and Kremer, M., "Beyond Spreads: Measuring Sovereign Market Stress in the Euro Area" , Working Paper Series , No 2185, ECB, October 2018. The New CISS is computed for four countries for which the Euro Area, the US and the UK use 15 raw indicators and China 16. It maintains the CISS"es scheme of using inputs from different market segments but employs a revised and equal weighting scheme of the raw indicators. It is calculated on a daily basis.
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DE: Composite Indicator of Sovereign Stress data was reported at 0.045 Number in Feb 2025. This records an increase from the previous number of 0.042 Number for Jan 2025. DE: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.067 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.680 Number in Sep 2022 and a record low of 0.006 Number in Apr 2021. DE: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Germany – Table DE.ECB: Composite Indicator of Sovereign Stress.
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FR: Composite Indicator of Sovereign Stress data was reported at 0.065 Number in Feb 2025. This records a decrease from the previous number of 0.066 Number for Jan 2025. FR: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.073 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.608 Number in Oct 2008 and a record low of 0.006 Number in Oct 2020. FR: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s France – Table FR.ECB: Composite Indicator of Sovereign Stress.
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IT: Composite Indicator of Sovereign Stress data was reported at 0.158 Number in Feb 2025. This records a decrease from the previous number of 0.169 Number for Jan 2025. IT: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.147 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.919 Number in Nov 2011 and a record low of 0.018 Number in Jul 2001. IT: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Italy – Table IT.ECB: Composite Indicator of Sovereign Stress.
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FI: Composite Indicator of Sovereign Stress data was reported at 0.157 Number in Feb 2025. This records a decrease from the previous number of 0.185 Number for Jan 2025. FI: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.084 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.757 Number in Oct 2022 and a record low of 0.016 Number in Apr 2014. FI: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Finland – Table FI.ECB: Composite Indicator of Sovereign Stress.
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HU: Composite Indicator of Sovereign Stress data was reported at 0.026 Number in Feb 2025. This records a decrease from the previous number of 0.028 Number for Jan 2025. HU: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.070 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.825 Number in Mar 2009 and a record low of 0.003 Number in Jul 2021. HU: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Hungary – Table HU.ECB: Composite Indicator of Sovereign Stress.
CISS se izračunava za europodručje u cjelini. Obuhvaća 15 sirovih, uglavnom tržišno utemeljenih mjera financijskog stresa koje su jednako podijeljene u pet kategorija: sektor financijskih posrednika, tržišta novca, tržišta vlasničkih vrijednosnih papira, tržišta obveznica i devizna tržišta. Za više pojedinosti vidi Holló, D., Kremer, M. i Lo Duca, M., "CISS - A Composite Indicator of Systemic Stress in the Financial System" , Working Paper Series , br. 1426, ESB, ožujak 2012.
CISS je dostupan i za Sjedinjene Američke Države nakon izračuna analognog prethodno opisanoj definiciji europodručja. CISS SAD-a sastoji se od odgovarajućih podindeksa za financijski sustav SAD-a.
SovCISS mjeri stres na tržištima državnog duga u europodručju u cjelini te u nekoliko država članica europodručja i država članica izvan europodručja. Metodologija je opisana u Garcia-de-Andoain, C. i Kremer, M., „Beyond Spreads: Measuring Sovereign Market Stress in the Euro Area” , Working Paper Series , br. 2185, ESB, listopad 2018.
Novi CISS izračunava se za četiri zemlje za koje europodručje, SAD i Ujedinjena Kraljevina upotrebljavaju 15 neobrađenih pokazatelja, a Kina 16. Održava shemu CISS-a za upotrebu ulaznih podataka iz različitih tržišnih segmenata, ali primjenjuje revidiranu i jednaku shemu ponderiranja sirovih pokazatelja. Izračunava se na dnevnoj bazi.
CISS lasketaan koko euroalueelle. Siihen sisältyy 15 raakaa, pääasiassa markkinapohjaista rahoitusmarkkinoiden stressimittaria, jotka on jaettu tasan viiteen luokkaan eli rahoituksen välittäjien sektoriin, rahamarkkinoihin, osakemarkkinoihin, joukkolainamarkkinoihin ja valuuttamarkkinoihin. Ks. tarkemmin Holló, D., Kremer, M. ja Lo Duca, M., ”CISS - A Composite Indicator of Systemic Stress in the Financial System” , Working Paper Series , nro 1426, EKP, maaliskuu 2012.
CISS on käytettävissä myös Amerikan yhdysvaltojen osalta edellä kuvattua euroalueen määritelmää vastaavan laskennan jälkeen. Yhdysvaltojen CISS koostuu Yhdysvaltojen rahoitusjärjestelmän asianmukaisista alaindekseistä.
SovCISS mittaa stressiä valtionvelkamarkkinoilla koko euroalueella sekä useissa euroalueen ja euroalueen ulkopuolisissa EU-maissa. Menetelmä on kuvattu Garcia-de-Andoain, C. ja Kremer, M., "Beyond Spreads: Measuring Sovereign Market Stress in the Euro Area”, Working Paper Series , nro 2185, EKP, lokakuu 2018.
Uusi CISS lasketaan neljälle maalle, joiden osalta euroalue, Yhdysvallat ja Yhdistynyt kuningaskunta käyttävät 15 raakaindikaattoria ja Kiina 16. Siinä säilytetään CISS:n järjestelmä, jossa käytetään eri markkinasegmenteiltä peräisin olevia tuotantopanoksia, mutta käytetään tarkistettua ja yhtäläistä painotusjärjestelmää raakaindikaattoreille. Se lasketaan päivittäin.
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IE: Composite Indicator of Sovereign Stress data was reported at 0.019 Number in Feb 2025. This records an increase from the previous number of 0.017 Number for Jan 2025. IE: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.074 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.978 Number in Jul 2011 and a record low of 0.014 Number in Dec 2024. IE: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Ireland – Table IE.ECB: Composite Indicator of Sovereign Stress.
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Belgium BE: Composite Indicator of Sovereign Stress data was reported at 0.114 Number in Feb 2025. This records a decrease from the previous number of 0.146 Number for Jan 2025. Belgium BE: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.087 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.786 Number in Jan 2012 and a record low of 0.013 Number in Oct 2020. Belgium BE: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Belgium – Table BE.ECB: Composite Indicator of Sovereign Stress.
Der CISS wird für den Euro-Raum als Ganzes berechnet.Es umfasst 15 rohe, hauptsächlich marktbasierte Finanzstressmaßnahmen, die zu gleichen Teilen in fünf Kategorien unterteilt sind, nämlich den Finanzintermediärsektor, die Geldmärkte, die Aktienmärkte, die Anleihemärkte und die Devisenmärkte. Siehe D. Holló, M. Kremer und M. Lo Duca, CISS - A Composite Indicator of Systemic Stress in the Financial System, Working Paper Series der EZB, Nr. 1426, März 2012. Der CISS ist auch für die Vereinigten Staaten von Amerika verfügbar, nachdem eine Berechnung analog der oben beschriebenen Definition des Euro-Währungsgebiets durchgeführt wurde. Der US CISS besteht aus den entsprechenden Teilindizes für das Finanzsystem der Vereinigten Staaten.
Der SovCISS misst Stress an den Staatsanleihemärkten im Euro-Währungsgebiet insgesamt sowie in mehreren Euro-Ländern und Nicht-Euro-Ländern. Die Methodik wird in C. Garcia-de-Andoain und M. Kremer, Beyond Spreads:Measuring Sovereign Market Stress in the Euro Area, Working Paper Series der EZB, Nr. 2185, Oktober 2018.
Der neue CISS wird für vier Länder berechnet, für die der Euroraum, die USA und das Vereinigte Königreich 15 Rohindikatoren und China 16 verwenden.Es behält das CISS-Schema der Verwendung von Inputs aus verschiedenen Marktsegmenten bei, verwendet jedoch ein überarbeitetes und gleiches Gewichtungsschema der Rohindikatoren. Es wird täglich berechnet. Es umfasst 15 rohe, hauptsächlich marktbasierte Finanzstressmaßnahmen, die zu gleichen Teilen in fünf Kategorien unterteilt sind, nämlich den Finanzintermediärsektor, die Geldmärkte, die Aktienmärkte, die Anleihemärkte und die Devisenmärkte. Siehe D. Holló, M. Kremer und M. Lo Duca, CISS - A Composite Indicator of Systemic Stress in the Financial System, Working Paper Series der EZB, Nr. 1426, März 2012. Der CISS ist auch für die Vereinigten Staaten von Amerika verfügbar, nachdem eine Berechnung analog der oben beschriebenen Definition des Euro-Währungsgebiets durchgeführt wurde. Der US CISS besteht aus den entsprechenden Teilindizes für das Finanzsystem der Vereinigten Staaten.
Der SovCISS misst Stress an den Staatsanleihemärkten im Euro-Währungsgebiet insgesamt sowie in mehreren Euro-Ländern und Nicht-Euro-Ländern.Die Methodik wird in C. Garcia-de-Andoain und M. Kremer, Beyond Spreads: Measuring Sovereign Market Stress in the Euro Area, Working Paper Series der EZB, Nr. 2185, Oktober 2018.
Der neue CISS wird für vier Länder berechnet, für die der Euroraum, die USA und das Vereinigte Königreich 15 Rohindikatoren und China 16 verwenden. Es behält das CISS-Schema der Verwendung von Inputs aus verschiedenen Marktsegmenten bei, verwendet jedoch ein überarbeitetes und gleiches Gewichtungsschema der Rohindikatoren. Es wird täglich berechnet.
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ES: Composite Indicator of Sovereign Stress data was reported at 0.040 Number in Feb 2025. This records a decrease from the previous number of 0.043 Number for Jan 2025. ES: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.087 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.959 Number in Jul 2012 and a record low of 0.013 Number in Apr 2019. ES: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Spain – Table ES.ECB: Composite Indicator of Sovereign Stress.
Η CISS υπολογίζεται για το σύνολο της ζώνης του ευρώ. Περιλαμβάνει 15 ακατέργαστα, κυρίως βασιζόμενα στην αγορά μέτρα ακραίων καταστάσεων, τα οποία κατανέμονται ισομερώς σε πέντε κατηγορίες, δηλαδή τον τομέα των χρηματοπιστωτικών διαμεσολαβητών, τις χρηματαγορές, τις αγορές μετοχών, τις αγορές ομολόγων και τις αγορές συναλλάγματος. Για περισσότερες λεπτομέρειες, βλ. Holló, D., Kremer, M. and Lo Duca, M., “CISS — A Composite Indicator of Systemic Stress in the Financial System”, Working Paper Series, αριθ. 1426, ΕΚΤ, Μάρτιος 2012.
Η CISS είναι επίσης διαθέσιμη για τις Ηνωμένες Πολιτείες της Αμερικής, μετά από υπολογισμό ανάλογο με τον ορισμό της ζώνης του ευρώ που περιγράφεται ανωτέρω. Η CISS των ΗΠΑ αποτελείται από τους κατάλληλους υποδείκτες για το χρηματοπιστωτικό σύστημα των Ηνωμένων Πολιτειών.
Το SovCISS μετρά τις πιέσεις στις αγορές κρατικών χρεογράφων στη ζώνη του ευρώ στο σύνολό της και σε αρκετές χώρες της ζώνης του ευρώ και εκτός της ζώνης του ευρώ. Η μεθοδολογία περιγράφεται στο Garcia-de-Andoain, C. and Kremer, M., "Beyond Spreads: Measureing Sovereign Market Stress in the Euro Area», Working Paper Series, αριθ. 2185, ΕΚΤ, Οκτώβριος 2018.
Η νέα CISS υπολογίζεται για τέσσερις χώρες για τις οποίες η ζώνη του ευρώ, οι ΗΠΑ και το Ηνωμένο Βασίλειο χρησιμοποιούν 15 ακατέργαστους δείκτες και την Κίνα 16. Διατηρεί το σύστημα CISS για τη χρήση εισροών από διαφορετικά τμήματα της αγοράς, αλλά εφαρμόζει αναθεωρημένο και ισότιμο σύστημα στάθμισης των πρώτων δεικτών. Υπολογίζεται σε καθημερινή βάση.
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NL: Composite Indicator of Sovereign Stress data was reported at 0.144 Number in Feb 2025. This records an increase from the previous number of 0.097 Number for Jan 2025. NL: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.077 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.675 Number in Dec 2022 and a record low of 0.018 Number in Feb 2001. NL: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Netherlands – Table NL.ECB: Composite Indicator of Sovereign Stress.
Ríomhtar CISS don limistéar euro ina iomláine. Áirítear leis 15 bheart struis airgeadais amha, margadhbhunaithe den chuid is mó, atá roinnte go cothrom i gcúig chatagóir, eadhon earnáil na n-idirghabhálaithe airgeadais, margaí airgid, margaí cothromais, margaí bannaí agus margaí malairte eachtraí. Chun tuilleadh sonraí a fháil, féach Holló, D., Kremer, M. agus Lo Duca, M., ‘CISS - A Composite Indicator of Systemic Stress in the Financial System’ [Táscaire Ilchodach maidir le Strus Sistéamach sa Chóras Airgeadais], Sraith Páipéar Oibre , Uimh. 1426, BCE, Márta 2012.
Tá an CISS ar fáil freisin do Stáit Aontaithe Mheiriceá, tar éis ríomh a bheith cosúil leis an sainmhíniú ar Limistéar an Euro a thuairiscítear thuas. Tá CISS na Stát Aontaithe comhdhéanta de na fo-innéacsanna cuí do chóras airgeadais na Stát Aontaithe.
Le bearta SovCISS, cuirtear béim ar mhargaí fiachais cheannasaigh sa limistéar euro ina iomláine agus i roinnt tíortha den Aontas atá sa limistéar euro agus nach bhfuil sa limistéar euro. Déantar cur síos ar an modheolaíocht i Garcia-de-Andoain, C. agus Kremer, M., "Beyond Spreads: Measuring Sovereign Market Strress in the Euro Area [An Margadh Ceannasach a Thomhas sa Limistéar Euro] , Sraith Páipéar Oibre , Uimh. 2185, BCE, Deireadh Fómhair 2018.
Ríomhtar an CISS nua do cheithre thír a n-úsáideann an Limistéar Euro, na Stáit Aontaithe agus an Ríocht Aontaithe 15 tháscaire amh ina leith agus an tSín 16. Coinníonn sé scéim CISS maidir le hionchuir ó dheighleoga éagsúla den mhargadh a úsáid ach úsáideann sé scéim ualaithe athbhreithnithe agus chomhionann de na táscairí amha. Déantar é a ríomh ar bhonn laethúil.
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AT: Composite Indicator of Sovereign Stress data was reported at 0.178 Number in Feb 2025. This records an increase from the previous number of 0.172 Number for Jan 2025. AT: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.094 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.715 Number in Oct 2022 and a record low of 0.011 Number in Dec 2014. AT: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Austria – Table AT.ECB: Composite Indicator of Sovereign Stress.
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Sweden SE: Composite Indicator of Sovereign Stress data was reported at 0.110 Number in Feb 2025. This records a decrease from the previous number of 0.135 Number for Jan 2025. Sweden SE: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.096 Number from Nov 2002 (Median) to Feb 2025, with 268 observations. The data reached an all-time high of 0.826 Number in Jul 2022 and a record low of 0.013 Number in Oct 2016. Sweden SE: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Sweden – Table SE.ECB: Composite Indicator of Sovereign Stress.
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PT: Composite Indicator of Sovereign Stress data was reported at 0.031 Number in Feb 2025. This records a decrease from the previous number of 0.053 Number for Jan 2025. PT: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.121 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.971 Number in Jul 2011 and a record low of 0.014 Number in Feb 2001. PT: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Portugal – Table PT.ECB: Composite Indicator of Sovereign Stress.
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Czech Republic CZ: Composite Indicator of Sovereign Stress data was reported at 0.016 Number in Feb 2025. This records an increase from the previous number of 0.015 Number for Jan 2025. Czech Republic CZ: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.089 Number from Sep 2000 (Median) to Feb 2025, with 294 observations. The data reached an all-time high of 0.783 Number in Mar 2009 and a record low of 0.011 Number in Nov 2014. Czech Republic CZ: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Czech Republic – Table CZ.ECB: Composite Indicator of Sovereign Stress.
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Poland PL: Composite Indicator of Sovereign Stress data was reported at 0.103 Number in Feb 2025. This records a decrease from the previous number of 0.131 Number for Jan 2025. Poland PL: Composite Indicator of Sovereign Stress data is updated monthly, averaging 0.074 Number from Nov 2002 (Median) to Feb 2025, with 268 observations. The data reached an all-time high of 0.594 Number in Jan 2023 and a record low of 0.012 Number in May 2003. Poland PL: Composite Indicator of Sovereign Stress data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Poland – Table PL.ECB: Composite Indicator of Sovereign Stress.
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The CISS is computed for the Euro Area as a whole. It includes 15 raw, mainly market-based financial stress measures that are split equally into five categories, namely the financial intermediaries sector, money markets, equity markets, bond markets and foreign exchange markets. For further details, see Holló, D., Kremer, M. and Lo Duca, M., "CISS - A Composite Indicator of Systemic Stress in the Financial System" , Working Paper Series , No 1426, ECB, March 2012. The CISS is also available for the United States of America, following a computation analogous to the Euro Area definition described above. The US CISS is comprised of the appropriate sub-indices for the United States financial system. The SovCISS measures stress in sovereign debt markets in the Euro Area as a whole and in several Euro Area and non-Euro Area EU countries. The methodology is described in Garcia-de-Andoain, C. and Kremer, M., "Beyond Spreads: Measuring Sovereign Market Stress in the Euro Area" , Working Paper Series , No 2185, ECB, October 2018. The New CISS is computed for four countries for which the Euro Area, the US and the UK use 15 raw indicators and China 16. It maintains the CISS"es scheme of using inputs from different market segments but employs a revised and equal weighting scheme of the raw indicators. It is calculated on a daily basis.