Article ID Journal Published Year Pages File Type
10488005 Journal of Financial Stability 2013 9 Pages PDF
Abstract
► Competing models for crisis prediction are evaluated, and a parsimonious model selected. ► Capital and liquidity form defences, high growth and current account deficits are problems. ► Off balance sheet activity did not increase risk before 2003, but was a major influence after. ► House price growth could have been used as an OBS proxy in pre 2006 early warning system. ► Regulation needs to monitor risks generated by (regulation driven) financial innovation.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics, Econometrics and Finance (General)
Authors
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