Leading Indicators Of Fiscal Distress
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Early warning systems (EWS) are widely used for assessing countries’ vulnerability to fiscal distress. Most EWS employ a specific set of only fiscal leading i
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This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results ar
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A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal cri
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Pages: 44
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This paper examines the empirical evidence on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of sev