The Challenge of Predicting Economic Crises
September 11, 2000
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The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched in and out of currencies and countries has increased with the efficiency of global communications, considerably shortening the time policymakers have to respond to emerging crises. This pamphlet takes alook at attempts by economists to predict crises by developing early warning systems to signal when trouble may be brewing in currency markets and banking systems.
Subject: Balance of payments, Currencies, Current account deficits, Early warning systems, External debt, Financial crises, Money
Keywords: Asia and Pacific, balance of payments crisis, crisis, crisis coming, crisis probability, Currencies, currency trader, Current account deficits, debt, deficit, Early warning systems, EI, exchange rate, interest rate differential, market, overvalued currency
Pages:
20
Volume:
2000
DOI:
Issue:
002
Series:
Economic Issues No. 2000/002
Stock No:
EIIEA022
ISBN:
9781557758842
ISSN:
1020-5098
