A cautious Note on the Use of Panel Models to Predict Financial Crises

J.J.F. van den Berg, B. Candelon, J.R.Y.J. Urbain

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Panel data framework has often been used to build early warning systems for financial crises. This paper questions the implicit assumption that crises are homogenously caused by identical factors. It suggests a preliminary step aiming at forming optimal country clusters.
Original languageEnglish
Pages (from-to)80-83
JournalEconomics Letters
Volume101
Issue number1
DOIs
Publication statusPublished - 1 Jan 2008

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