Methodology3 min read
What Does the SGI Index Measure?
A short explanation of the three pillars behind the SGI Index, and why systemic fragility is not the same as a recession forecast.
Read more →
In-depth analyses on systemic risk, sovereign debt and macroeconomic fragility based on official IMF, BIS and ECB data.
A short explanation of the three pillars behind the SGI Index, and why systemic fragility is not the same as a recession forecast.
The news focuses on public debt. Twenty years of BIS and IMF research point to something else: private credit growth is historically the strongest predictor of financial crises.