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Early Warning Indicators and Optimal Policies for Mitigating Economic Crises: Evidence from Meta-Analysis
This study examines the early warning indicators of crises and the optimal policies for mitigating economic crises. Based on meta-analysis of 72 studies, we find that the exchange rate is the most used indicator in detecting crises, and the optimal policies for mitigating crises are monetary and fiscal policies. We further find that besides the exchange rate, the interest rate is a dominant indicator of crises in developed countries. Moreover, the foreign exchange, international reserves and current account are the dominant indicators in developing countries. The evidence for developing countries
aligns with the finding that policies addressing external sector performance are preferable to mitigate crises in these countries.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.2 - Karya Akhir (Majalah) | 1 |
| Penerbit | Jakarta: Bank Indonesia 2020 |
|---|---|
| Edisi | Volume 23, Number 2, 2020 |
| Subjek | Economic crises Early warning indicators Meta-Analysis |
| ISBN/ISSN | 2460-9196 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 296 p. |
| Info Detail Spesifik | Bulletin of Monetary Economics and Banking |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |