Early Warning Indicators for Latin America

Publicado en

  • Revista ESPE - Ensayos sobre Política Económica

Resumen

  • We explore the performance of a set of early warning indicators for a group of Latin American economies under the endogenous cycle perspective. For this group of countries, the paper confirms the results of previous work on industrialized countries, which indicate that a combination of asset prices and credit provides valuable information of probable future financial crises. However, we go a step further in the analysis of emerging economies and find that a combination of capital flows from abroad and credit is an even superior leading indicator of such events.

fecha de publicación

  • 2010

Líneas de investigación

  • Early Warning Indicators
  • Financial (in)Stability
  • Financial Accelerator

Página inicial

  • 232

Última página

  • 259

Volumen

  • 28

Issue

  • 63