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Early Warning Indicators for Latin America

Fernando Tenjo () and Martha López ()

Borradores de Economia from Banco de la Republica de Colombia

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)
Date: 2010-06
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https://doi.org/10.32468/be.608 (application/pdf)

Related works:
Journal Article: Early Warning Indicators for Latin America (2010) Downloads
Journal Article: Early Warning Indicators for Latin America (2010) Downloads
Working Paper: Early Warning Indicators for Latin America"" (2010) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:608

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