Early Warning Indicators for Latin America

Fernando Tenjo () and Martha López

Revista ESPE - Ensayos Sobre Política Económica, 2010, vol. 28, issue 63, No 9438, 232-259

Abstract: We explore the performance of a set of early warning indicators for a group of Latin American economiesunder the endogenous cycle perspective. For this group of countries, the paper confirms the resultsof previous work on industrialized countries, which indicate that a combination of asset pricesand credit provides valuable information of probable future financial crises. However, we go a stepfurther in the analysis of emerging economies and find that a combination of capital flows from abroadand 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)
Date: 2010
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Citations: View citations in EconPapers (18)

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https://doi.org/10.32468/Espe.6306

Related works:
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:col:000107:009438

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