Frost, Jon; Saiki, Ayako - de Nederlandsche Bank - 2013
constructed gravity-based contagion index to assess the importance of these factors in the run-up to currency crises. Using a … robust indicator, reducing the probability of currency crisis for advanced economies, but less so for EMEs. Second, surges in … gross (but not net) capital inflows in general increase the risk of a currency crisis, but looking at a disaggregated level …