01753cas a2200253 a 4500 AALejournalIMF013165 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475528510 1018-5941 BD-DhAAL BD-DhAAL Dabla-Norris, Era. Exogenous Shocks and Growth Crises in Low-Income Countries : A Vulnerability Index / Era Dabla-Norris, Yasemin Bal Gunduz. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (41 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 This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling approach are used to map information from a parsimonious set of underlying policy, structural, and institutional indicators into a composite vulnerability index. The results show that vulnerabilities to a growth crisis in low-income countries declined significantly from their peaks in the early 1990s, but have risen in recent years as fiscal policy buffers were expended in the wake of the global financial crisis.a. Mode of access: Internet Bal Gunduz, Yasemin. IMF Working Papers; Working Paper ; No. 2012/264 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/264/001.2012.issue-264-en.xml IMF e-Library