Balance of payment crises in emerging markets: how early were the 'early' warning signals?

Although many papers have already proposed empirical models of currency crises, the timing of such crises has received relatively little attention so far. Most papers use indeed a static specification and impose the same lag structure across all explanatory variables. This, by construction, prevents...

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Veröffentlicht in:	Applied economics 2013-04, Vol.45 (12), p.1601-1623
1. Verfasser:	Bussière, Matthieu
Format:	Artikel
Sprache:	eng
Schlagworte:	Balance of payments currency crises dynamic discrete choice model Economic crisis Economic models emerging market economies Emerging markets financial crises panel data state dependence Studies sudden stops
Online-Zugang:	Volltext
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