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Leading Indicators of Banking Crises
International Monetary Fund
其他書名
Was Asia Different?
出版
International Monetary Fund
, 1998-06-01
主題
Business & Economics / Banks & Banking
Business & Economics / Finance / Financial Risk Management
Business & Economics / Foreign Exchange
ISBN
1451951744
9781451951745
URL
http://books.google.com.hk/books?id=WjgYEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
This paper examines episodes of the banking system distress and crisis in a large sample of countries. The empirical results identify several macroeconomic and financial variables as useful leading indicators. The main macroeconomic indicators were of limited value in predicting the Asian crises; the best warning signs were proxies for the vulnerability of the banking and corporate sector. Full-blown banking crises are shown to be more associated with external developments, and domestic variables are the main leading indicators of severe but contained banking distress.