EconStor >
Leibniz Universität Hannover >
Wirtschaftswissenschaftliche Fakultät, Universität Hannover >
Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/22434
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBeckmann, Danielaen_US
dc.contributor.authorMenkhoff, Lukasen_US
dc.contributor.authorSawischlewski, Katjaen_US
dc.date.accessioned2009-01-29T14:59:36Z-
dc.date.available2009-01-29T14:59:36Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/22434-
dc.description.abstractEarly warning systems (EWSs) are subject to restrictions that apply to exchange rates in general: fundamentals matter but their influence is small and unstable. Despite this limitation four major lessons emerge: First, EWSs have robust forecasting power and thus help policy-makers to prevent crises. Second, policy-makers must decide about some EWSs' elements, such as the sensitivity of the forecasts. Third, EWSs' performance is increased by taking a logit model, shorter samples and a regional approach. Fourth, the finding of contagion may motivate policy to shield its economy against inefficient international financial markets.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesDiskussionspapiere des Fachbereichs Wirtschaftswissenschaften, Universität Hannover 322en_US
dc.subject.jelF31en_US
dc.subject.jelF37en_US
dc.subject.jelF33en_US
dc.subject.ddc330en_US
dc.subject.keywordearly warning systemen_US
dc.subject.keywordcurrency crisesen_US
dc.subject.keywordemerging marketsen_US
dc.titleRobust Lessons about Practical Early Warning Systemsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn502002697en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover

Files in This Item:
File Description SizeFormat
dp-322.pdf185.75 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.