Zhao, Yanping; Haan, Jakob; Scholtens, Bert; Yang, Haizhen - In: Open Economies Review 25 (2014) 5, pp. 937-957
We investigate whether leading indicators of currency crises differ across exchange rate regimes using data for 88 countries in the period 1981–2010. Our estimates suggest that in fixed exchange rate regimes external indicators, such as deviations of the real exchange rate from trend and the...