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Leading Indicators of Currency and Banking Crises: Croatia and the World

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  • Ahec Šonje, Amina

Abstract

The balance of payments crises that have shaken the world in the last two decades have awakened interest in academic and political circles in creating systems for discovering the causes of the disturbances that end in currency crisis. If disturbances on foreign exchange markets could be identified early enough, there might be enough time for policymakers to take measures to avoid or at least diminish the severity of such crises. With this in mind, the present work attempts to develop such a system of early warning for currency crises in Croatia.

Suggested Citation

  • Ahec Šonje, Amina, 1999. "Leading Indicators of Currency and Banking Crises: Croatia and the World," MPRA Paper 82574, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:82574
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    References listed on IDEAS

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    More about this item

    Keywords

    currency crises; banking crises; signals approach; early warning indicators for currency and banking crises;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

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