El-Shagi, Makram; Knedlik, Tobias; Schweinitz, Gregor von - Institut für Wirtschaftsforschung Halle (IWH) - 2012
The signals approach as an early warning system has been fairly successful in detecting crises, but it has so far … crisis probability in three applications of the signals approach to different crisis types. To that end, we propose … signals approach yield economically meaningful and statistically significant results and (2) that composite indicators …