Abstract: This paper examines the empirical evidence on currency crisis and propopses a specific early warning system. This system involves monitoring the evolution of several indicators that tend to ...

Acidic solutions have pH values less than 7. Stomach acid turns universal indicator paper a strong red colour. This indicates a pH value of 0, the strongest value of acid. Alkaline solutions have ...

Abstract: This paper examines episodes of banking system distress and crisis in a large sample of countries to identify which macroeconomic and financial variables can be useful leading indicators.