A Review of the Literature on Early Warning Systems for Banking Crises
نویسندگان
چکیده
This paper presents a review of alternative methodologies for early detection of banking distress. The methodologies proposed are aimed to the early identification of financial distress for countries without an important recent history of bank failure, but facing an unstable international environment. We evaluate several indicators and methodologies to measure financial distress such as qualitative indicators, the signal extraction approach, limited dependent estimation and finally duration models. ___________________ We thank comments on earlier drafts. E-mails: [email protected]; [email protected].
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