As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current … global crisis is originated from the U.S. and followed another intensive wave of globalization, has led to an unprecedented …

crises. Logit model is successful to determine explaining variables of crisis and to calculate the probability of crisis in … particular during the period experienced with a crisis. On the other hand, the signal approach aims at determining any possible … currency crisis in advance, following some variables showing unusual change over the periods of economic fluctuation and thus …