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Emerging Markets and the Global Economy by Duc Khuong Nguyen, Sabri Boubaker, Mohammed Hedi Arouri

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Chapter 15

Early Warning System for Financial Crisis: Statistical Classification Approach

Young Min Kima, Kyong Joo Oha and Tae Yoon Kimb,    aDepartment of Information and Industrial Engineering, Yonsei University, Seoul, South Korea,    bDepartment of Statistics, Keimyung University, Daegu, South Korea,    E-mail: wealth1@yonsei.ac.kr, johanoh@yonsei.ac.kr, tykim@kmu.ac.kr

Abstract

This chapter discusses a statistical classification approach for developing a financial crisis early warning system (EWS). The main aim of this chapter is to introduce a lag-image forecasting classifier constructed in accordance with the sequential works by Son et al. (2009) ...

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