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Revista EIA
Print version ISSN 1794-1237On-line version ISSN 2463-0950
Abstract
GIRALDO, Jorge Alberto. EARLY WARNING INDICATORS OF MACROECONOMIC VULNERABILITY. Rev.EIA.Esc.Ing.Antioq [online]. 2008, n.10, pp.131-140. ISSN 1794-1237.
Financial crises generate injurious macroeconomic effects that finish affecting the standard of life of the majority of the population. Identification, prevention, or minimization of their effects is task of the economic authorities that use different tools for diagnosis. In this article the methodology of Goldstein, Kaminsky and Reinhart for the construction of indicators of early warning system of financial crises is explained, introducing some innovating concepts for the accomplishment of the analysis and, in addition, it is designed to be applied in the developing countries so-called emerging markets.
Keywords : financial crisis; early warning indicator; speculative pressure index; emerging markets.