Anticipating Arrears to the IMF Early Warning Systems

Anticipating Arrears to the IMF Early Warning Systems
This paper attempts to predict the incidence of arrears to the International Monetary Fund (IMF) by modifying and applying two of the major early warning systems for currency crises: the "signals" approach proposed by Kaminsky, Lizondo, and Reinhart (1997) and the probit-based alternative developed by Berg and Pattillo (1998). The results, based... READ MORE...

Publication date: January 2003
ISBN 9781451843668
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