Note: Below is a description of the paper and not the actual abstract. This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises using survey data for 26 countries in the last 13 years. The results suggest that overvaluation has predictive power...

This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises. The results suggest that overvaluation has predictive power in explaining crises. However, although expected depreciation obtained from survey data partially takes different exchange rate...

Most non-monetary development indicators are bounded and many of them are presented in terms of either attainments or shortfalls. Whether an absolute approach or a relative approach should be undertaken to assess cross-country convergence of these indicators has been a subject of debate....