IMF Staff papers, Volume 46 No. 2.

This paper analyzes the predictability of currency crises. The paper evaluates three models for predicting currency crises that were proposed before 1997. Two of the models failed to provide useful forecasts. One model provides forecasts that are somewhat informative though still not reliable. Plaus...

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Détails bibliographiques
Collectivité auteur: International Monetary Fund. Research Dept
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1999.
Collection:IMF Staff Papers; IMF Staff Papers ; No. 1999/002
Accès en ligne:Full text available on IMF
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490 1 |a IMF Staff Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper analyzes the predictability of currency crises. The paper evaluates three models for predicting currency crises that were proposed before 1997. Two of the models failed to provide useful forecasts. One model provides forecasts that are somewhat informative though still not reliable. Plausible modifications to this model improve its performance, providing some hope that future models may do better. The study suggests, though, that although forecasting models may help indicate vulnerability to crises, the predictive power of even the best of them may be limited. 
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