... literature on earlywarning systems for banking crises Working Paper No 183, Central Bank of Chile 42 Gramlich, D., Miller, G., Oet, M., Ong, S., 2010 Earlywarning systems for systemic banking ... a market or even of the system Therefore, this system is less tolerant of stress and failure on the part of a single significant market player The conjecture of the importanceof structural characteristics ... Banks and Bank Systems (2), 199–211 Gramlich, D., Oet, M., 2011 The structural fragility of financial systems: Analysis and modeling implications forearlywarning systems Journal of Risk Finance...
... crisis is expected to be huge—on the order of 58 percent of GDP for Indonesia, 30 percent for Thailand, 16 percent for South Korea, and 10 percent of GDP for Malaysia (World Bank 2000) In addition ... identifying earlywarning indicators of financial crises has soared of late, stoked primarily by two factors: the high cost to countries in the throes of crisis and an increasing awareness of the ... is net of the estimated amount of loans that were eventually repaid See Honohan (1997) See Goldstein (1997) for a list of these severe banking crises For comparison, the publicsector tab for the...
... specification of an explicit earlywarning window, the signals approach forces one to be quite specific about the timing ofearly warnings This is not the case for all other approaches For example, ... plausible for a retrospective assessment of the symptoms of crises but ill-suited for the task of providing an earlywarning Hence, we conclude that the advantages of monthly data seemed to outweigh ... uses to which that foreign borrowing was put (too much for consumption and not enough for investment), or by the already-weakened state of the banking system (the share of nonperforming loans doubled...
... thresholds for all the indicators for both currency and banking crises For instance, the threshold for short-term capital flows as a percentage of GDP is 85 percent This conveys two kinds of information ... the performance of each indicator If one lacked any information on the performance of the indicators, it is still possible to calculate, for a given sample, the unconditional probability of crisis, ... illustration of the country-specific nature of the optimal threshold calculations It shows for the entire sample our measure of the extent of overvaluation in the real exchange rate for Mexico...
... our understanding of the business cycle and early signs of its turning points In what follows, we tabulate for each of the monthly indicators the average number of months before the crisis when ... percent Indeed of the 16 indicators have marginal predictive power in excess of 10 percent By way of contrast, for banking crisis 11 of the 15 indicators have marginal predictive power of less than ... ahead of crises For the low-frequency (annual) indicators, lead time is not much of an issue since some of these are published with a considerable lag and hence tend to be of less use from an early...
... exposure, measured in terms of foreign liabilities as a percentage of foreign assets, also appears to be a worthy addition to the list of sectoral or microeconomic indicators of banking-sector problems ... percentage of crises called is well below those of the top indicators Indeed, the II ratings compare unfavorably with even the worst indicators For example, consider the performance of the terms of trade ... credit ratings perform much worse for both currency and banking crises than the better indicators of economic fundamentals The noise-to-signal ratio is higher than one for both types of crises, suggesting...
... probabilities of crisis for every country P tm denotes the probability of a crisis for country m in period t Once we construct these time series of crisis probabilities, we can also evaluate the forecasting ... signals Specifically, we enlarged the size of the rejection region by percent for all the indicators For instance, instead of having a 10 percent threshold for stock prices, we now have a 15 percent ... combine the information contained in these two measures Table 5.6 provides information on the average proportion of indicators signaling banking OUT -OF- SAMPLE RESULTS 63 Institute for International...
... unconditional forecast of banking crises in general For example, the quadratic probability score declines from 0.024 and 1.620 for the naive forecast of currency crises to 0.018 and 1.589 for the real ... naive forecast based on the unconditional probability of crisis The score statistics are reported separately for ‘‘crisis times’’ and for ‘‘tranquil times;’’ this provides information on the performance ... Asia Using the information on the monthly value of the composite indicator and on the conditional probabilities of crises, we can construct a time series of probabilities of crises for our sample...
... correlation of returns Level of liquid market/high representation in mutual funds, percentage of emerging market portfolio Level of bilateral trade, percentage of exports to affected country Level of ... under the greatest speculative pressure In a matter of a few weeks in early 1995, the central bank of Argentina lost about 20 percent of its foreign exchange reserves and bank deposits fell by ... channel is minimal By way of contrast, for countries that are in the same bank cluster as Thailand, the probability of crisis increases markedly, for Malaysia and particularly for Indonesia Malaysia’s...
... group of the seven most vulnerable, did have a currency crisis in 1997 Further information on the out -of- sample performance of the leading indicators of currency crisis can be gleaned by looking for ... about future evaluation of such leading indicators of crises, two obvious questions arise: would publication of the indicators erode their usefulness in an earlywarning system, and are there policy ... that those who are looking to ‘‘market prices’’ forearlywarningof crises in emerging economies would therefore be advised to focus on the behavior of real exchange rates and stock prices—not on...
... potential ofearlywarning models to predict crises in emerging economies, we think some of the critics are too quick to dismiss the usefulness of these models because of a mixed out -of- sample performance ... after a devaluation for inflation to return to the average of the two precrisis years Last but not least, we offer a number of suggestions for improving earlywarning models of currency and banking ... inability of non-model-based forecasts to foresee the Asian crisis In our view, much more empirical work will need to be done before we can draw reliable conclusions on the out -of- sample performance of...
... of 10 (page number not for citation purposes) Available online http://ccforum.com/content/13/4/R135 Figure Paediatric EarlyWarningSystem score The receiver operating characteristics curve for ... Paediatric EarlyWarningSystem (PEWS) score and standard error of the mean for time periods 0–3, 4–7, 8–11, 12–15, 16–19 and 20–24 hours before intensive care unit (ICU) admission child's risk of near ... Page of 10 (page number not for citation purposes) Available online http://ccforum.com/content/13/4/R135 Implications for the use of Bedside PEWS Our data suggest that early identification of patients...
... Page of 52 TABLE OF CONTENTS Certification Abstract Table of Contents Chapter Introduction Chapter Theories of currency crises - A brief review of the literature Chapter Typical earlywarning systems ... FX regime Dummy for Latin America Dummy for Europe Dummy for Asia; Dummy for Africa Page 25 of 52 Table (cont.) Specification of typical EarlyWarning Systems and empirical currency crisis models ... weaker legal system reduce the cost of stealing (expropriation) of managers The manager compares the marginal cost and marginal benefit of stealing for their reaction For a given rate of return,...
... IP Spoofing for a few reasons, as to hide the address of the agent, thereby concealing the address of the attacker's handler and better, or used for attack DDoS regions reflected a form of today's ... Spoofing attacker also help overcome the defense mechanism of a number of servers as they save the address of regular customers and used it as a trustworthy list of priority access in case of ... by the value of the TTL (time to live) of the packet The symbol is part of the hash of the IP address of the router Because the TTL value is reduced at each router, a road junction of the packet...
... USA) scripts Results 13 subjects performed a total of 612 grasp trials; among these, 11 subjects performed blocks of 18 trials, and subjects performed blocks of 18 trials Overall, the CVS correctly ... of the camera and the direction of the ultrasound burst are not aligned with the axis of the forearm Therefore, the aiming with the laser had to be used to ensure that, in the initial phase of ... i.e., forming an aperture with the size that is adapted to that of the object allows for a more accurate reaching and positioning of the hand and therefore leads to a better preparation for the...
... delivery of large intensity of training and longitudinal measurements of performance and limb use However, the design of ADAPT departs from that of most other current robotic systems In these systems, ... Page of 12 large, amount of force for most tasks The difficulty of current tasks was mostly proportional to torque or force to be exerted for manipulation Although strength is beneficial for stroke ... Journal of NeuroEngineering and Rehabilitation 2011, 8:42 http://www.jneuroengrehab.com/content/8/1/42 Page of 12 Figure Progress of Performance & Difficulty Illustration of progress in performance...
... suggesting a rationale for the application of this cytokine in cell culture studies of ALSlinked glial activation The time-course of cytokine up-regulation closely mirrors the time-course of protein oxidative ... antagonism of which may slow the progression of ALS In order to better understand the contributions of astroglia to neuroinflammation in the ALS context, and to create a tool for the study of neuroinflammatory ... use of biotin hydrazide allows the sensitive detection of oxidized proteins by means of streptavidin conjugates, without resorting to antibody methods that are often hindered by low Page of (page...
... criteria: major operation for operative severity, 1(one) for number of procedures, minor for peritoneal soiling, positive or negative for lymph nodal metastases, elective for mode of surgery and blood ... underestimation of morbidity and potential for systematic inaccuracy in prediction of complications at lower risk levels is a significant issue for pancreatic surgery The operative score for PD was ... Modification of Physiological and Operative Severity Score for the enumeration of Mortality and morbidity; HOP, Head of pancreas; CBD, Common Bile Duct; SD, Standard Deviation Page of (page number not for...
... correction for multiple testing was applied to test the significance of the differences of treatment induced changes of ADC values and TV between early Figure Early MRI days after HDR-BT Early DWI ... issue For the present study, we chose to perform MRI including DWI very early at a median of days following HDRBT Thus, we were enabled to obtain first information on the treatment response before ... point to perform early MRI, before inferences can be drawn that influence the therapeutic strategy Conclusions In conclusion, DWI is a promising imaging biomarker forearly prediction of tumor response...
... using the BodyFIX system In addition, we report clinical outcomes of SBRT for lung tumors performed with this immobilization system Immobilization System The BodyFIX system consists of a vacuum cushion, ... obtained in only 27% of the patients, and in the rest of the patients, suppression of tumor movement was not considered to be satisfactory Therefore, the use of the BodyFix system appeared to have ... BodyFIX system Therefore, it was concluded that the BodyFIX system does not significantly influence SpO2 levels in the majority of patients Clinical outcome of our patients in terms of antitumor...