Deriugina, Elena; Guseva, Maria; Ponomarenko, Alexey - In: Risk assessment and financial regulation in emerging …, (pp. 277-286). 2021
We analyse the ability of credit gap measures to predict banking crises by estimating the usefulness measure conditionally on policymaker's preferences. The results show that the signals based on the credit gap indicators are most useful when the policymaker’s preferences regarding Type I and...