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Anticipating Arrears to the IMF Early Warning Systems, Chikako Oka

Label
Anticipating Arrears to the IMF Early Warning Systems, Chikako Oka
Language
eng
Abstract
This paper attempts to predict the incidence of arrears to the International Monetary Fund (IMF) by modifying and applying two of the major early warning systems for currency crises: the "signals" approach proposed by Kaminsky, Lizondo, and Reinhart (1997) and the probit-based alternative developed by Berg and Pattillo (1998). The results, based on both in-sample and out-of-sample tests, appear encouraging. While the unique nature of IMF arrears poses some challenges, the models could be useful tools for identifying countries at high risk of incurring arrears to the IMF
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Anticipating Arrears to the IMF Early Warning Systems
Nature of contents
dictionaries
Responsibility statement
Chikako Oka
Series statement
IMF Working Papers
Content
Other version