Early Warning Systems for Financial Crises

Applications to East Asia

Inbunden, Engelska, 2005

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Beskrivning

Since the 1997 Asian financial crisis, East Asia has implemented a number of initiatives designed to strengthen monetary and financial cooperation, bolstering the region's resilience to economic and financial vulnerabilities. One such initiative is the ASEAN & 3 Information Exchange and Policy Dialogue, which includes development of early warning systems (EWS) for financial crises. This book examines efforts to develop EWS models. Specifically, the book analyses the current understanding of the causes of currency and banking crises, describes recent progress in developing and applying EWS models for currency and banking crises, reviews methodological isues, assesses the predictive power of EWS models and also highlights areas where further research is required to make these models more effective tools for policy analysis. The case studies apply both parametric and nonparametric approaches to EWS modeling using data from six East Asian countries.

Produktinformation

Utgivningsdatum:2005-02-15
Mått:152 x 229 x 19 mm
Vikt:396 g
Format:Inbunden
Språk:Engelska
Antal sidor:151
Upplaga:2005
Förlag:Palgrave USA
ISBN:9781403949387

Utforska kategorier

Internationell ekonomi inom Ekonomi och Ledarskap

Mer om författaren

STIJIN CLAESSENS Professor of International Finance, University of Amsterdam, The NetherlandsMORRIS GOLDSTEIN Dennis Weatherstone Senior Fellow, Institute for International Economics, USAHYUNSOO JOO Strategist, Tong Yang Investment Bank, KoreaYOUNGHOON KOO Managing Director, Lotte Economic Research Center, KoreaSEUNGJAE LEE Research Analyst, Early Warning System Team, Korea Center for International Finance, KoreaCHANG SEOK OH Chief Strategist & Head, Early Warning System Team, Korea Center for International Finance, KoreaJOSE ANTONIO TAN III Consultant, Asian Development Bank, PhilippinesJUZHONG ZHUANG Principal Economist, Asian Development Bank, Philippines

Innehållsförteckning

Foreword Overview; J.Zhuang & P.B.Rana Theories of Currency and Banking Crises: A Literature Review; S.Claessens Predicting Financial Crises: An Overview; M.Goldstein Nonparametric EWS Models of Currency and Banking Crises for East Asia; J.Zhuang A Parametric EWS Model of Currency Crises for East Asia; Y. Koo, C.S.Oh, H.Joo, S.Lee, J.A.Tan III & J.Zhuang