Early Warning Systems for Financial Crises

Applications to East Asia

Editors: Bank, Asian Development (Ed.)

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About this book

Since the 1997 Asian financial crisis, East Asia has implemented a number of initiatives designed to strengthen monetary and financial cooperation, bolstering the region's resilience to economic and financial vulnerabilities. One such initiative is the ASEAN+3 Information Exchange and Policy Dialogue, which includes development of early warning systems (EWS) for financial crises. This book examines efforts to develop EWS models. Specifically, the book analyzes the current understanding of the causes of currency and banking crises, describes recent progress in developing and applying EWS models for currency and banking crises, reviews methodolgical issues, assesses the predictive power of EWS models and also highlights areas where further research is required to make these models more effective tools for policy analysis. The case studies apply both parametric and nonparametric approaches to EWS modleing using data from six East Asian countries.

About the authors

STIJIN CLAESSENS Professor of International Finance, University of Amsterdam, The Netherlands MORRIS GOLDSTEIN Dennis Weatherstone Senior Fellow, Institute for International Economics, USA HYUNSOO JOO Strategist, Tong Yang Investment Bank, Korea YOUNGHOON KOO Managing Director, Lotte Economic Research Center, Korea SEUNGJAE LEE Research Analyst, Early Warning System Team, Korea Center for International Finance, Korea CHANG SEOK OH Chief Strategist & Head, Early Warning System Team, Korea Center for International Finance, Korea JOSE ANTONIO TAN III Consultant, Asian Development Bank, Philippines JUZHONG ZHUANG Principal Economist, Asian Development Bank, Philippines

Table of contents (5 chapters)

Table of contents (5 chapters)

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-0-230-50106-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-1-4039-4938-7
  • Free shipping for individuals worldwide
  • This title is currently reprinting. You can pre-order your copy now.

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Bibliographic Information

Bibliographic Information
Book Title
Early Warning Systems for Financial Crises
Book Subtitle
Applications to East Asia
Editors
  • Asian Development Bank
Copyright
2005
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-0-230-50106-5
DOI
10.1057/9780230501065
Hardcover ISBN
978-1-4039-4938-7
Edition Number
1
Number of Pages
XIV, 151
Topics