High economic costs associated with recent currency crises have motivated the creation of several early warning systems (EWS) to prevent their occurrence. However, to date the structure of the EWS does not detect with enough anticipation the presence of economic fragilities; limiting their...

This publication was undertaken in the context of the International Forum on Latin American Perspectives, jointly organized by the Inter-American Development Bank and the OECD Development Centre. The IDB and the OECD Development Centre created this forum as an annual meeting place of ideas and...