How to Evaluate and Early Warning System?
Mardi | 2009-12-08 Bertrand Candelon – Elena-Ivona DUMITRESCU – Christophe HURLIN – Jaouad MADKOUR This paper proposes a new statistical framework inherited from the traditional credit-scoringliterature, to evaluate currency crises Early Warning System (EWS). Applied so as to assessthe predictive power of panel logit and Markov frameworks, it results that the panel logitis outperforming the […]