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Early Warning Systems for Financial Crises

Applications to East Asia
ISBN:
9781403949387
Auflage:
2005
Verlag:
Palgrave Macmillan UK
Land des Verlags:
Vereinigtes Königreich
Erscheinungsdatum:
15.02.2005
Herausgeber:
Format:
Hardcover
Seitenanzahl:
151
Ladenpreis
54,99 EUR (inkl. MwSt. zzgl. Versand)
Lieferung in 3-4 Werktagen Versandkostenfrei ab 40 Euro in Österreich
Hinweis: Da dieses Werk nicht aus Österreich stammt, ist es wahrscheinlich, dass es nicht die österreichische Rechtslage enthält. Bitte berücksichtigen Sie dies bei ihrem Kauf.
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 analyzes 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 methodolgical issues, 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 modleing using data from six East Asian countries.
Biografische Anmerkung
STIJIN CLAESSENS Professor of International Finance, University of Amsterdam, The Netherlands MORRIS GOLDSTEIN Dennis Weatherstone Senior Fellow, Institute for International Economics, USA HYUNSOO JOO Strategist, Tong Yang Investment Bank, Korea YOUNGHOON KOO Managing Director, Lotte Economic Research Center, Korea SEUNGJAE LEE Research Analyst, Early Warning System Team, Korea Center for International Finance, Korea CHANG SEOK OH Chief Strategist & Head, Early Warning System Team, Korea Center for International Finance, Korea JOSE ANTONIO TAN III Consultant, Asian Development Bank, Philippines JUZHONG ZHUANG Principal Economist, Asian Development Bank, Philippines