Kamin, Steven B.; Schindler, John; Samuel, Shawna - In: International Journal of Finance & Economics 12 (2007) 3, pp. 317-336
In this paper, a modified 'early warning system' (EWS) approach is developed to identify the roles of domestic and external factors in emerging market crises. Several probit models of currency crises were estimated for 26 emerging market countries. These models were used to identify the separate...