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Since the Mexican crisis in 1994 and the East Asian crisis in 1997, interest in developing early warning systems has soared in emerging market countries. The global financial crisis also increased interest in developing an effective early warning system. Indeed, immediately after the onset of the global financial crisis, the G20 asked the IMF and the FSB (Financial Stability Board) to establish an early warning system for a periodic assessment of system-wide risks.
A financial crisis is a combined result of vulnerability of an economy and specific trigger events. Given that past experience tells us that trigger events are almost unpredictable, an early warning system should aim to identify vulnerabilities of an economy. Thus, IMF(2010) points out that an early warning system is a “flag-raising” exercise, signaling trends that could make markets or countries vulnerable to unanticipated events. (The rest omitted)
금융위기 조기경보시스템(Early warning system for financial crisis)
| Title |
금융위기 조기경보시스템(Early warning system for financial crisis)
Similar Titles
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|---|---|
| Project Category | Development Cases |
| Material Type | Report |
| Author(Korean) |
이항용 |
| Publisher |
세종 : KDI국제정책대학원 |
| Date | 2015 |
| Project | Development Cases |
| Series Title; No | Knowledge Sharing Program; 경제발전경험 모듈화 사업 |
| ISBN | 979-11-5545-170-0 94320; 979-11-5545-164-9 (전6권) |
| Pages | 80 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | Korean |
| File Type | Documents |
| Original Format | |
| Subject | Economy < Macroeconomics Economy < Financial Policy |
| Holding | KDI국제정책대학원 |
| Supervisor | 기획재정부 |
| Organizer | 기획재정부; 한양대학교 |
| Sponsor | 기획재정부 |
| Project Term | 2015-01-01 ~ 2015-12-31 |
| License |  |
Abstract
Resources
Early warning system for financial crisis
Lee, Hangyong
/ 2015
/ Sejong
:
KDI School
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