Early Warning Indicators for Latin America
Jaime Tenjo () and
Martha López ()
Revista ESPE - Ensayos sobre Política Económica, 2010, vol. 28, issue 63, No 63, 232-259
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.
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)
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Journal Article: Early Warning Indicators for Latin America (2010)
Working Paper: 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:bdr:ensayo:v:28:y:2010:i:63:p:232-259
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