BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
No 22/2012:
Early warning indicators of asset price boom/bust cycles in emerging markets
Alexey Ponomarenko ()
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; (follow links to similar papers)
JEL-Codes: E37; E44; E51; (follow links to similar papers)
30 pages, October 2, 2012
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
dp2212.pdf 
Download Statistics
Questions (including download problems) about the papers in this series should be directed to Päivi Määttä ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design by Joachim Ekebom
