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dc.contributor.authorDavis, EP-
dc.contributor.authorKarim, D-
dc.contributor.authorLiadze, I-
dc.identifier.citationEconomics and Finance Working Paper, Brunel University, 10-08en_US
dc.description.abstractMost extant work on prediction of banking crises has utilised global samples, which are in turn dominated by observations from middle-income countries, and rely on a single estimator, while a range of specifications is desirable to check robustness. However, economic and financial structure as well as the pattern of shocks may differ substantially across regions. Accordingly, in this paper we test the implicit pooling assumption in earlier work on Early Warning Systems using the widest range of models, by estimating logit, signal extraction and binary recursive tree specifications separately for crises in Asia and Latin America, as well as the pooled sample. Results suggest markedly different crisis determinants across regions, implying global samples are inappropriate.en_US
dc.publisherBrunel Universityen_US
dc.subjectBanking crisesen_US
dc.subjectSystemic risken_US
dc.subjectEarly warning systemsen_US
dc.subjectLogit estimationen_US
dc.subjectSignal extractionen_US
dc.subjectBinary recursive treeen_US
dc.subjectEmerging market economiesen_US
dc.titleBanking crisis in Asia and Latin America – A single pattern for emerging market economies?en_US
dc.typeWorking Paperen_US
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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