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The East Asian currency crises: lessons for an early warning system

Jotzo, Frank


Is it possible to devise a functioning early warning system for currency crises, and is there a role for the analysis of indicators beyond economic fundamentals? In light of the East Asian crisis, the issue is examined both theoretically and empirically. An analytical framework to detect macroeconomic and structural vulnerability as well as changes in the perception of fundamentals is developed, and a range of leading indicators explored. An exemplary early warning system which includes...[Show more]

CollectionsANU Research Publications
Date published: 1999
Type: Working/Technical Paper


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