Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22434 
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dc.contributor.authorBeckmann, Danielaen
dc.contributor.authorMenkhoff, Lukasen
dc.contributor.authorSawischlewski, Katjaen
dc.date.accessioned2009-01-29T14:59:36Z-
dc.date.available2009-01-29T14:59:36Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aUniversität Hannover, Wirtschaftswissenschaftliche Fakultät |cHannoveren
dc.relation.ispartofseries|aDiskussionsbeitrag |x322en
dc.subject.jelF31en
dc.subject.jelF37en
dc.subject.jelF33en
dc.subject.ddc330en
dc.subject.keywordearly warning systemen
dc.subject.keywordcurrency crisesen
dc.subject.keywordemerging marketsen
dc.titleRobust Lessons about Practical Early Warning Systems-
dc.typeWorking Paperen
dc.identifier.ppn502002697en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:han:dpaper:dp-322en

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