A cautious note on the use of panel models to predict financial crises

被引：40

作者：

van den Berg, Jeroen ^{[1
]}

Candelon, Bertrand ^{[1
]}

Urbain, Jean-Pierre ^{[2
]}

机构：

[1] Univ Maastricht, Dept Econ, Maastricht, Netherlands

[2] Univ Maastricht, Dept Quantitat Econ, Maastricht, Netherlands

来源：

ECONOMICS LETTERS | 2008年 / 101卷 / 01期

关键词：

F37; C33;

D O I：

10.1016/j.econlet.2008.06.015

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：80 / 83

页数：4

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