Economic Issues

The Challenge of Predicting Economic Crises

By Andrew Berg, Catherine A Pattillo

September 11, 2000

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Andrew Berg, and Catherine A Pattillo. The Challenge of Predicting Economic Crises, (USA: International Monetary Fund, 2000) accessed November 21, 2024

Summary

The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched in and out of currencies and countries has increased with the efficiency of global communications, considerably shortening the time policymakers have to respond to emerging crises. This pamphlet takes alook at attempts by economists to predict crises by developing early warning systems to signal when trouble may be brewing in currency markets and banking systems.

Subject: Balance of payments, Currencies, Current account deficits, Early warning systems, External debt, Financial crises, Money

Keywords: Asia and Pacific, Balance of payments crisis, Crisis, Crisis coming, Crisis probability, Currencies, Currency trader, Current account deficits, Debt, Deficit, Early warning systems, EI, Exchange rate, Interest rate differential, Market, Overvalued currency

Publication Details

  • Pages:

    20

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Economic Issues No. 2000/002

  • Stock No:

    EIIEA022

  • ISBN:

    9781557758842

  • ISSN:

    1020-5098