The Macroeconomic Imbalance Procedure: A useful tool for predicting sovereign crises?

Abstract: This paper provides an empirical analysis of the Macroeconomic Imbalance Procedure (MIP). It explores the relationship between sovereign bond yields spreads and the variables contained in the MIP scoreboard using quantile regressions. Results suggest that MIP indicators can explain the beh...

Full description

Saved in:
Bibliographic Details
Main Authors: Arahuetes García,Alfredo, Gómez Bengoechea,Gonzalo
Language:English
Published: Universidad de Chile. Departamento de Economía 2018
Subjects:
Online Access:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862018000100079
Tags: Add Tag
No Tags, Be the first to tag this record!