Early Warning Systems for Financial Crisis: Applications to East Asia (Hardcover) (ISBN-13: 9781403949387)

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.

Author: Asian Development Bank
ISBN-10: 1403949387
ISBN-13: 9781403949387
Publisher: Palgrave MacMillan
Language: English
Published: 02/15/2005
Pages: 151
Format: Hardcover
Weight: 0.80lbs
Size: 9.54h x 6.30w x 0.56d