Hall, Maximilian; Muljawan, Dadang; Moorena, Lolita - In: Applied Financial Economics 19 (2009) 22, pp. 1825-1846
Ever since the Asian Financial Crisis, concerns have arisen over whether policy-makers have sufficient tools to maintain financial stability. The ability to predict financial disturbances enables the authorities to take precautionary action to minimize their impact. In this context, the...