Onset of Emerging Market Crises with Probit Model

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摘要 Thispaperexaminestherelativestrengthoffactorsinpredictingtheonsetofafinancialcrisisintheemergingmarketduringthe1990s.Weestimateaprobitmodelbasedonthequarterlydataof18countries.Theresultssuggestthatthemis-managementintheeconomyandbankingsystem,theshiftsintheinternationalconditionsandthedepthofcontagioneffectsarestronglyassociatedwiththepresenceofcrises.Someoftheresultsaresomewhatdifferentfromtheotherempiricalstudiesbasedonannualdata.Acarefulanalysisoftheprobabilitydistributionsshowedthattheresultswereclosetobeingcorrectinover90%ofthecases.
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机构地区 不详
出版日期 2001年01月11日(中国期刊网平台首次上网日期,不代表论文的发表时间)
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