Abiad, Abdul de Guia - 2002
The turmoil of the 1990s stimulated the development of "early warning systems" (EWS) for currency crises. The two … crises. The first chapter summarizes the literature on currency crises, discusses the implications for EWS construction, and … EWS. Finally, one can show how the Markov-switching framework can be derived directly from theoretical models of currency …