KULKARNI, Archana; KAMAIAH, Bandi - In: Theoretical and Applied Economics XXII(2015) (2015) 1(602), Spring, pp. 15-34
The study aims at developing an Early Warning System for predicting balance of payments crises for 17 emerging economies, which constitute a relatively homogenous group, over the period 1975-2012. We construct an index of exchange market pressure, based on monthly depreciations of the nominal...
