01654cas a2200241 a 4500 AALejournalIMF001098 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858938 1018-5941 BD-DhAAL BD-DhAAL Kaminsky, Graciela. Currency and Banking Crises : The Early Warnings of Distress / Graciela Kaminsky. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The abruptness and virulence of the 1997 Asian crises have led many to claim that these crises are of a new breed and were thus unforecastable. This paper examines 102 financial crises in 20 countries and concludes that the Asian crises are not of a new variety. Overall, the 1997 Asian crises, as well as previous crises elsewhere, occur when economies are in distress, making the degree of fragility of the economy a useful indicator of future crises. Based on this idea, the paper proposes different composite leading indicators of crises, evaluated in terms of accuracy both in-sample and out-of-sample. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/178 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/178/001.1999.issue-178-en.xml IMF e-Library