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Can Miracles Lead to Crises? The Role of Optimism in Emerging Markets Crises

✍ Scribed by EMINE BOZ


Book ID
109147011
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
255 KB
Volume
41
Category
Article
ISSN
0022-2879

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## Abstract In this paper, a modified β€˜early warning system’ (EWS) approach is developed to identify the roles of domestic and external factors in emerging market crises. Several probit models of currency crises were estimated for 26 emerging market countries. These models were used to identify the