The European currency crises of 1992-93, the Mexican crisis of 1994-95, and especially the Asian/global crisis of 1997-98, have all contributed to a heightened interest in the early warning signals of financial crises. This pathbreaking study presents a comprehensive battery of …
Ever since the ERM crises of 1992-93 and the Mexican crisis of 1994-95, there has been a heightened interest in early-warning signals of financial crises. This study reviews the literature on the origins of currency and banking crises. It then presents a comprehensive battery of…
