Wijayanti, Rani; Rachmanira, Sagita - In: Journal of Central Banking Theory and Practice 9 (2020) S1, pp. 103-124
This study develops an early warning signal (EWS) of government debt crisis using a panel data consisting of 43 developing countries over the period of 1960 to 2017. It employs two different methods: the noise to signal ratio to capture the signaling power of individual indicators; and the...