Early Warning Indicators for Latin America
We explore the performance of a set of early warning indicators for a group of Latin American economiesunder the endogenous cycle perspective. For this group of countries, the paper confirms the resultsof previous work on industrialized countries, which indicate that a combination of asset pricesand credit provides valuable information of probable future financial crises. However, we go a stepfurther in the analysis of emerging economies and find that a combination of capital flows from abroadand credit is an even superior leading indicator of such events
Volume (Year): (2010)
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