Budsayaplakorn, Saksit; Dibooglu, Sel; Mathur, Ike - In: Emerging Markets Finance and Trade 46 (2010) 6, pp. 5-21
This paper examines the probability of currency crises using a signal approach and a multivariate probit model. The results indicate that the signal approach can provide an effective warning system despite its nonparametric nature. The top three indicators that are useful in anticipating crises...