Leading Indicators of Currency Crises:
This paper examines the empirical evidence on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis. When an indicator exceeds a certain threshold va...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
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Schriftenreihe: | IMF Working Papers
Working Paper No. 97/79 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines the empirical evidence on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis. When an indicator exceeds a certain threshold value, this is interpreted as a warning "signal" that a currency crisis may take place within the following 24 months. The variables that have the best track record within this approach include exports, deviations of the real exchange rate from trend, the ratio of broad money to gross international reserves, output, and equity prices |
Beschreibung: | 1 Online-Ressource (43 p) |
ISBN: | 1451955863 9781451955866 |
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indexdate | 2024-07-10T09:35:32Z |
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oclc_num | 1337133673 |
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spelling | Kaminsky, Graciela Laura Verfasser aut Leading Indicators of Currency Crises Kaminsky, Graciela Laura Washington, D.C International Monetary Fund 1997 1 Online-Ressource (43 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/79 This paper examines the empirical evidence on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis. When an indicator exceeds a certain threshold value, this is interpreted as a warning "signal" that a currency crisis may take place within the following 24 months. The variables that have the best track record within this approach include exports, deviations of the real exchange rate from trend, the ratio of broad money to gross international reserves, output, and equity prices Online-Ausg http://elibrary.imf.org/view/IMF001/04237-9781451955866/04237-9781451955866/04237-9781451955866.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Kaminsky, Graciela Laura Leading Indicators of Currency Crises |
title | Leading Indicators of Currency Crises |
title_auth | Leading Indicators of Currency Crises |
title_exact_search | Leading Indicators of Currency Crises |
title_exact_search_txtP | Leading Indicators of Currency Crises |
title_full | Leading Indicators of Currency Crises Kaminsky, Graciela Laura |
title_fullStr | Leading Indicators of Currency Crises Kaminsky, Graciela Laura |
title_full_unstemmed | Leading Indicators of Currency Crises Kaminsky, Graciela Laura |
title_short | Leading Indicators of Currency Crises |
title_sort | leading indicators of currency crises |
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