Incorporating financial development indicators into early warning systems

نویسندگان

چکیده

We set up an early warning system for financial crises based on the Random Forrest approach. use a novel of predictors that comprises development indicators in addition to conventional imbalances measures. The evaluation model is conducted using three-step procedure (i.e. training, validation and testing sub-samples). results indicate combining helps improve out-of-sample accuracy system.

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ژورنال

عنوان ژورنال: The journal of economic asymmetries

سال: 2023

ISSN: ['1703-4949', '2352-8397']

DOI: https://doi.org/10.1016/j.jeca.2022.e00284