Early warning indicators of asset price boom/bust cycles in emerging markets

Alexey Ponomarenko

No 22/2012, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT)

Abstract: We apply recently developed early warning indicators systems to a cross-section of emerging markets. We find that, with little or no modification, models designed to predict asset price booms/busts in advanced countries may be useful for emerging markets. The concept of monitoring a set of asset prices, real activity (especially investment) and financial (especially credit) indicators is generally found to be efficacious.

Keywords: early warning indicators; asset prices; emerging markets (search for similar items in EconPapers)
JEL-codes: E37 E44 E51 (search for similar items in EconPapers)
Date: 2012
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Journal Article: Early warning indicators of asset price boom/bust cycles in emerging markets (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofitp:bdp2012_022

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