Feldkircher, Martin; Horvath, Roman; Rusnak, Marek - Institut für Ost- und Südosteuropaforschung (IOS) - 2013
In this paper, we examine whether pre-crisis leading indicators help explain pressures on the exchange rate (and its volatility) during the globalfinancial crisis. We use a unique data set that covers 149 countries and 58 indicators, and estimation techniques that are robust to model...