Macroeconomic Currency Crisis Early Warning Indicators in Emerging Countries
Siriki Coulibaly,
Aya Marouane
Abstract:This study investigates the relationships between exchange rate and the main macroeconomic variables as GDP, inflation and unemployment on one hand and the ability of these variables in alerting about coming exchange rate crisis in emerging countries. The three variables have significant coefficients with exchange rate in line with literature signs except unemployment rate. The study uses signal approach, dealing specifically with the main macroeconomic variables, selected by system GMM method in emerging mark… Show more
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