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
Authors:	Ponomarenko, Alexey
Publisher:	Helsinki : Bank of Finland, Institute for Economies in Transition (BOFIT)
Subject:	early warning indicators \| asset prices \| emerging markets

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Series:	BOFIT Discussion Papers ; 22/2012
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-952-462-753-5
Other identifiers:	727118587 [GVK] hdl:10419/212746 [Handle] RePEc:zbw:bofitp:bdp2012_022 [RePEc]
Classification:	E37 - Forecasting and Simulation ; E44 - Financial Markets and the Macroeconomy ; E51 - Money Supply; Credit; Money Multipliers
Source:	EconStor

Persistent link: https://www.econbiz.de/10012148677