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Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 5/2002
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
The aim of paper is to analyse the vulnerability of the Central and Eastern European accession countries to the EU as well as that of Turkey and Russia to a financial crisis. Our methodology is an extension of the signals approach. We develop a composite indicator to measure the evolutin of of the risk potential in each country. Our findings show that crises in Central and Eastern Europe are caused by much the usual suspects s in others emerging markets. In particular an overvalued exchange rate. Weak exports and dwindling currency reserves have good precictive power for assessing crisis vulnerabilities.
Schlagwörter: 
financial crises
vulnerability indicator
Central and Eastern Europe
JEL: 
F31
F47
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
951-686-827-4
Dokumentart: 
Working Paper

Datei(en):
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