To what extent are financial crises comparable and thus predictable?

John Diamondopoulos

MPRA Paper from University Library of Munich, Germany

Abstract: This paper critically examines the quantitative approach to financial crises from two perspectives. First, the assumption of comparability of financial crises is analyzed. The key question here is: how comparable are crises? An important consideration here is the context – social and political. Second, if financial crises are comparable to a certain extent, then we should be able to make predictions. Thus, the second key question is: how predictable are crises? The results have implications for the development of a theory of financial crises and government policies on crisis management.

Keywords: Financial crises; Crisis; Crisis Models; Crisis Management (search for similar items in EconPapers)
JEL-codes: G01 G17 G18 H12 (search for similar items in EconPapers)
Date: 2012-10-16
New Economics Papers: this item is included in nep-cba and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:45668

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