Download This PaperEarly Warning Indicators of Asset Price Boom/Bust Cycles in Emerging Markets
30 Pages Posted: 2 Oct 2012
Date Written: October 2, 2012
Abstract
We apply recently developed early warning indicators systems to a cross-section of emerging markets. We find that, with little or no modification, models designed to predict asset price booms/busts in advanced countries may be useful for emerging markets. The concept of monitoring a set of asset prices, real activity (especially investment) and financial (especially credit) indicators is generally found to be efficacious.
Keywords: early warning indicators, asset prices, emerging markets
JEL Classification: E37, E44, E51
Suggested Citation: Suggested Citation
Ponomarenko, Alexey A., Early Warning Indicators of Asset Price Boom/Bust Cycles in Emerging Markets (October 2, 2012). BOFIT Discussion Paper No. 22/2012, Available at SSRN: https://ssrn.com/abstract=2155598 or http://dx.doi.org/10.2139/ssrn.2155598
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