RBNZ explores new ways to monitor financial stability
Researchers model based on news sentiment and NPLs in latest research
The Reserve Bank of New Zealand (RBNZ) has said the preliminary findings of two studies into how financial stability might be monitored have delivered promising results.
In the first study, analyst Trent Lockyer said the RBNZ had been looking into using news sentiments to measure early-stage financial stress in the country.
Researchers used three different models – two dictionary-based and one based on machine learning – to analyse the sentiment, or emotional tone, of around 153,000 economic and
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