A HIERARCHICAL SYSTEM OF MARKET SIGNALS FOR EARLY DIAGNOSIS OF FINANCIAL CRISES
Abstract
The article examines the problem of early diagnosis of financial crises as an important direction of ensuring the stability of financial systems in the conditions of growing global instability. The purpose of the study is to develop an analytically substantiated system of market signals for early detection of periods of increased financial stress, which may precede crisis phenomena and destabilization of financial markets. The scientific novelty of the study lies in the formation of the concept of a hierarchical system of market signals for early diagnosis of financial crises, which combines simplicity of calculations, economic interpretability and practical suitability for regular monitoring of financial stability. The practical significance of the results obtained lies in the possibility of using the proposed system of signals to support preventive management decisions and further development of integral indicators of financial stress.
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