Lang, Jan Hannes; Izzo, Cosimo; Fahr, Stephan; Ruzicka, … - 2019
on average several years before the onset of systemic financial crises, and its early warning properties for euro area … financial crises is highly correlated with measures of subsequent crisis severity, such as GDP declines. Model estimates suggest …-SRI therefore provides useful information about both the probability and the likely cost of systemic financial crises many years in …