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1 décembre 2010
- handle: 10670/1.rgick7
info:eu-repo/semantics/openAccess
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Fernando Tenjo et al., « Early Warning Indicators for Latin America », Ensayos sobre POLÍTICA ECONÓMICA, ID : 10670/1.rgick7
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We explore the performance of a set of early warning indicators for a group of Latin American economies under the endogenous cycle perspective. For this group of countries, the paper confirms the results of previous work on industrialized countries, which indicate that a combination of asset prices and credit provides valuable information of probable future financial crises. However, we go a step further in the analysis of emerging economies and find that a combination of capital flows from abroad and credit is an even superior leading indicator of such events.