Predicting Financial Crises: An Overview

  • Morris Goldstein

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.

Keywords

Turkey Malaysia Argentina Volatility Defend 

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Copyright information

© Asian Development Bank 2005

Authors and Affiliations

  • Morris Goldstein

There are no affiliations available

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