Early warning indicators of asset price boom/bust cycles in emerging markets

We apply recently developed early warning indicators systems to a cross-section of emerging markets. We find that, with little or no modification, models designed to predict asset price booms/busts in advanced countries may be useful for emerging markets. The concept of monitoring a set of asset prices, real activity (especially investment) and financial (especially credit) indicators is generally found to be efficacious.

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Year of publication:	2012-10-02
Authors:	Ponomarenko, Alexey
Institutions:	Siirtymätalouksien tutkimuslaitos, Suomen Pankki
Subject:	early warning indicators \| asset prices \| emerging markets

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Extent:	application/pdf
Series:	BOFIT Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series BOFIT Discussion Papers Number 22/2012 30 pages
Classification:	E37 - Forecasting and Simulation ; E44 - Financial Markets and the Macroeconomy ; E51 - Money Supply; Credit; Money Multipliers
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010575947