Assessing Financial Vulnerability: An Early Warning System for Emerging Markets

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Assessing Financial Vulnerability: An Early Warning System for Emerging Markets - Goldstein, Morris, and Kaminsky, Graciela Laura, and Reinhart, Carmen M

Ever since the European currency crises of 1992-93, the Mexican crisis of 1994-95, and especially the Asian/global crisis of 1997-98, there has been heightened interest in early warning signals of financial crises. This pathbreaking study presents a comprehensive battery of empirical tests on the performance of alternative early warning indicators ...

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