TY  - BOOK
AU  - Kaminsky,Graciela Laura
TI  - Currency and Banking Crises: The Early Warnings of Distress 
T2  - IMF Working Papers; Working Paper
SN  - 1451858930 :
SN  - 1018-5941
PY  - 1999///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Banking Crises
KW  - imf
KW  - Banking Crisis
KW  - Banking
KW  - Currency Crises
KW  - Early Warnings
KW  - Financial Crises
KW  - Indonesia
KW  - Malaysia
KW  - Philippines
KW  - Thailand
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/01461-9781451858938/01461-9781451858938/01461-9781451858938.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451858938
ER  -