Abstract
This paper aims to provide an overview of the progress in developing and applying early warning systems (EWS) for financial (banking and currency) crises in emerging economies. Investing in the development of an early warning model is important for two reasons. First, banking and currency crises are extremely costly to the countries in which they originate—as well as to other countries that are affected by the spillover of the original crisis.
The author would like to acknowledge that this chapter draws heavily from an earlier collegial work (Goldstein, Kaminsky, and Reinhart 2000).
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© 2005 Asian Development Bank
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Goldstein, M. (2005). Predicting Financial Crises: An Overview. In: Early Warning Systems for Financial Crises. Palgrave Macmillan, London. https://doi.org/10.1057/9780230501065_3
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DOI: https://doi.org/10.1057/9780230501065_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-52562-1
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