Early Warning Indicators for Latin America""

Fernando Tenjo (ftenjoga@banrep.gov.co) and Martha López

No 7073, Borradores de Economia from Banco de la Republica

Abstract: 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 work on industrialized countries 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.

Keywords: Financial (in) stability; early warning indicators; financial accelerator. (search for similar items in EconPapers)
JEL-codes: E30 E52 F30 F41 (search for similar items in EconPapers)
Pages: 21
Date: 2010-06-08
New Economics Papers: this item is included in nep-dev and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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http://www.banrep.gov.co/docum/ftp/borra608.pdf

Related works:
Journal Article: Early Warning Indicators for Latin America (2010)
Journal Article: Early Warning Indicators for Latin America (2010)
Working Paper: Early Warning Indicators for Latin America (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000094:007073

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