haku: @indexterm Czech Republic / yhteensä: 123
viite: 6 / 123
| Tekijä: | Cuaresma, J.C. Slacik, T. |
| Otsikko: | An almost-too-late warning mechanism for currency crises |
| Lehti: | Economics of transition
2010 : JAN, VOL. 18:1, p. 123-141 |
| Asiasana: | currency term structure of interest rates transition economies eastern europe Russia Czech Republic |
| Vapaa asiasana: | crisis warning mechanism |
| Kieli: | eng |
| Tiivistelmä: | The paper uses to evaluate the relative probability of a crisis occurring in one week as compared to a crisis happening after one week but in less than a month. The author argues exploiting the term structure of relative interest rates to obtain estimates of changes in the timing of a currency crisis as perceived by market participants. In fact,the indicator performs well for two important currency crises in Eastern Europe: the crisis in the Czech Republic in 1997 and the Russian crisis in 1998. |
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