Are Currency Crises Predictable? : A Test /

This paper evaluates three models for predicting currency crises that were proposed before 1997. The idea is to answer the question: if we had been using these models in late 1996, how well armed would we have been to predict the Asian crisis? The results are mixed but somewhat encouraging. One mode...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Pattillo, Catherine
Muut tekijät: Berg, Andrew
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1998.
Sarja:IMF Working Papers; Working Paper ; No. 1998/154
Linkit:Full text available on IMF
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245 1 0 |a Are Currency Crises Predictable? :   |b A Test /  |c Catherine Pattillo, Andrew Berg. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper evaluates three models for predicting currency crises that were proposed before 1997. The idea is to answer the question: if we had been using these models in late 1996, how well armed would we have been to predict the Asian crisis? The results are mixed but somewhat encouraging. One model, and our modifications to it, provide useful forecasts, at least compared with a naive benchmark. The head-to-head comparison also sheds light on the economics of currency crises, the nature of the Asian crisis, and issues in the empirical modeling of currency crises. 
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700 1 |a Berg, Andrew. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/154 
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