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

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


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
Issue number1
Publication statusPublished - 1 Jan 2008

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