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EARLY WARNING SYSTEMS FOR BANKING CRISES: POLITICAL AND ECONOMIC STABILITY

Jurnal Ekonomi Malaysia

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Field Value
 
Title EARLY WARNING SYSTEMS FOR BANKING CRISES: POLITICAL AND ECONOMIC STABILITY
 
Creator Alireza, Tamadonnejad
Abd Majid, Mariani
Jusoh, Mansor
Abdul Rahman, Aisyah
Tabandeh, Razieh
 
Subject Early warning system; Political stability; Systemic banking crises; East Asia
C53; D72; G01; N25
 
Description The present study seeks to develop an early warning system for the probability of systemic banking crises in East Asian countries by using a logit model taking into account a wide range of political and economic factors. Results reveal that short-term debt and exchange rate depreciation may trigger speculative attacks during political instability, economic slowdown, and inefficient regulatory environments. By stabilizing political and economic conditions, policymakers and regulators may be able to prevent crises. Furthermore, results indicate that government instability, corruption perception, high short-term debt, unstable monetary and fiscal policies not only reduce investors’ confidence but also prevent effective crisis prevention policies. Therefore, by adopting an early warning system, they would be able to monitor environmental changes causing crises.
 
Publisher Universiti Kebangsaan Malaysia
 
Contributor —
 
Date 2017-01-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Identifier http://ejournal.ukm.my/jem/article/view/9391
 
Source Jurnal Ekonomi Malaysia; Vol 50, No 2 (2016): Jurnal Ekonomi Malaysia; 31-38
0126-1962
 
Language en
 
Relation http://ejournal.ukm.my/jem/article/downloadSuppFile/9391/4032
http://ejournal.ukm.my/jem/article/downloadSuppFile/9391/4033
 
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