Bertrand, Candelon; Elena-Ivona, Dumitrescu; … - Maastricht : METEOR, Maastricht Research School of … - 2010
This paper proposes a new statistical framework originating from the traditional credit-scoring literature, to evaluate currency crises Early Warning Systems (EWS). Based on an assessment of the predictive power of panel logit and Markov frameworks, the panel logit model is outperforming the...