Leading Indicators of Currency Crises PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Leading Indicators of Currency Crises PDF full book. Access full book title Leading Indicators of Currency Crises by Graciela Laura Kaminsky. Download full books in PDF and EPUB format.

Leading Indicators of Currency Crises

Leading Indicators of Currency Crises PDF Author: Graciela Laura Kaminsky
Publisher: International Monetary Fund
ISBN: 1451955863
Category : Business & Economics
Languages : en
Pages : 44

Get Book Here

Book Description
This paper examines the empirical evidence on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis. When an indicator exceeds a certain threshold value, this is interpreted as a warning “signal” that a currency crisis may take place within the following 24 months. The variables that have the best track record within this approach include exports, deviations of the real exchange rate from trend, the ratio of broad money to gross international reserves, output, and equity prices.