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Kaminsky, Graciela Laura.

Currency and Banking Crises The Early Warnings of Distress / Graciela Laura Kaminsky. [electronic resource] : Graciela Laura Kaminsky. - Washington, D.C. : International Monetary Fund, 1999. - 1 online resource (38 p.) - IMF Working Papers; Working Paper ; No. 99/178 . - IMF Working Papers; Working Paper ; No. 99/178 .

The abruptness and virulence of the 1997 Asian crises have led many to claim that these crises are of a new breed and were thus unforecastable. This paper examines 102 financial crises in 20 countries and concludes that the Asian crises are not of a new variety. Overall, the 1997 Asian crises, as well as previous crises elsewhere, occur when economies are in distress, making the degree of fragility of the economy a useful indicator of future crises. Based on this idea, the paper proposes different composite leading indicators of crises, evaluated in terms of accuracy both in-sample and out-of-sample.

ISBN: 1451858930 : 15.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451858938.001 doi

Subjects--Topical Terms:
Banking Crises
Banking Crisis
Banking
Currency Crises
Early Warnings
Financial Crises

Subjects--Geographic Terms:
Indonesia
Malaysia
Philippines
Thailand