Does currency crisis identification matter?

• Autores: Santiago de Vicente, P. Álvarez, Covadonga Caso Pardo
• Localización: Applied financial economics, ISSN 0960-3107, Vol. 18, Nº. 4-6, 2008, págs. 387-395
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Empirical studies employ very different methods to identify the moments at which currency crises occur. In previous works we have shown that considerable variations exist between the crises indicated by each of them. In this work, we use a broad sample of these indicators as a dependent variable in one of the most frequently cited Early Warning System models and show that significant differences appear in the variables that enable currency crises to be anticipated.