EARLY WARNING SYSTEMS FOR FINANCIAL CRISES -A CRITICAL APPROACH
Journal Title: CES Working Papers - Year 2013, Vol 5, Issue 1
Abstract
This research paper aims to analyse some Early Warning Systems (EWS) for predicting financial crises. The importance of such a study is undeniable in the context of the current and future mix of policies applied by the monetary authority, in which financial stability and price stability play an important role. The EWS for crises enable the prediction of the occurrence of a crisis within a specified time period. Hence, the theoretical approach of the main early warning systems for crises, the models based on signal extraction and the logit/probit models represent an important stage in preventing and fighting financial crises.
Authors and Affiliations
Stanislav Percic, Constantin Apostoaie, Vasile Cocris
Keywords
Related Articles
- EP ID EP109281
- DOI -
- Views 117
- Downloads 0
THE VARIOUS POSSIBLE EU TAXES
In this article, the various possible EU taxes are compared with regard to each of the criteria: budgetary, equity and efficiency criteria. In principle, this problem of revenue insufficiency can be overcome by combining...
O.S.C.E. 1975-2015. 40 YEARS OF PEACEFUL CONFLICT RESOLUTION
The European Union, in light of developments in the field of crisis-management concepts, is still in the phase of institutional building and foundation of its own concepts and doctrines. This does not mean that the...
THE IMPLICATIONS OF THE CIVIL SOCIETY IN THE EASTERN PARTNERSHIP
The Eastern Partnership (EaP) launched in 2009 as the Eastern dimension of the European Neighbourhood Policy introduced the civil society as a new strategic actor in the EU's relations with Eastern Partnership countries....
FINANCING OF THE SMEs IN THE EUROPEAN UNION THROUGH CREDIT INSTITUTIONS
It is widely acknowledge that financial constraints are the most visible problems of the SMEs. So through this paper we propose to analyze the main sources of financing that SMEs use to conducttheir business. And, from t...
ISLAMIC BANKING IN EUROPEAN UNION COUNTRIES: CHALLENGES AND OPPORTUNITIES
Islamic banking is a relative young industry, with a high rate of growth, which in the last years became a highly discussed subject, due to the challenges and opportunities that it brings. Due to the fact, that in the la...