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This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...
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Using a new firm-level dataset with comprehensive information on Asian firms' FX liabilities, we show that Asia …'s nonfinancial corporate sector is vulnerable to a tightening of global financial conditions. Higher global interest rates and … exchange rate depreciation increase the probability of default of Asian firms. A 30 percent currency depreciation is associated …
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This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and …
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