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Data presentation - Summary description

The CLIFS includes six, mainly market-based, financial stress measures that capture three financial market segments: equity markets, bond markets and foreign exchange markets. In addition, when aggregating the sub-indices, the CLIFS takes the co-movement across market segments into account. For further details, see Duprey, T. and Klaus, B., " Dating systemic financial stress episodes in the EU countries ", Working Paper Series, No 1873, ECB, December 2015.

Time coverage

January 1970 or later, depending on availability.

Methodological information
Time period


Statistical concepts and definitions

For information about the naming convention (series key dimensions and metadata), refer to the CLIFS underlying DSD (ECB_FMD2) maintained by the ECB.

Administrative Information

Country Level Index of Financial Stress (CLIFS)

Data source



The dataset is updated at the end of each month with the figures for the previous month.

Technical Information

Download the series catalogue containing a full list of series and associated metadata of the dataset CLIFS in CSV format (zipped)

Dataset last update
27 February 2024 07:34 CET
Metadata last update
7 September 2022 12:17 CEST