Bank of Spain paper looks at EM vulnerability
A working paper published by the Bank of Spain sets out a new method of judging whether emerging economies will be hit by financial crisis.
In The Sherloc: an EWS-based index of vulnerability for emerging economies, Irma Alonso and Luis Molina present a new tool for judging how fragile an economy is. Their “Signalling Heightened Emerging Risks that Lead to the Occurrence of Crises” monitor, or “Sherloc” index is more effective than other methods of judging how vulnerable economies are, the
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