On crisis models: An alternative crisis definition

In this paper we question the consensus of using a binary crisisdefinition for empirical crisis models. We believe that the most severeshortcomings of the crisis models today are in the crisis definition rather than the explanatory variables ...

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Year of publication:	2001-05-01
Authors:	Eliasson, Ann-Charlotte ; Kreuter, Christof J.
Publisher:	Deutsche Bank <Frankfurt, Main> / Research
Subject:	Wirtschaftskrise \| Zinsänderungsrisiko \| Mathematisches Modell \| Währungsrisiko \| currency risk \| Länderrisiko \| country risk \| Wirtschaftsentwicklung \| economic development (on national level) \| Wirtschaftspolitik \| economic policy

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1. Introduction
2. Background
2.1. Two empirical studies
2.2. Explanatory variables
3. Methodology
3.1 Continuous crisis definition
3.2 Estimation procedure
4. Results
4.1 Asia
4.2 Latin America
5. Model evaluation and extentions
6. Final remarks
References

Persistent link: https://www.econbiz.de/10005843732