Pizzinelli, Carlo; Khan, Tariq; Ishi, Kotaro - 2021
To complement the early warning signals literature, we study the determinants of banking and currency crises for small … states and currency boards. Building on the crisis dataset by Laeven and Valencia (2020), we estimate a binominal logit model … to identify the determinants of crises, and as a case study, we apply our models to the Eastern Caribbean Currency Union …