Chapter 4. Procyclicality and the Search for Early Warning Indicators
- Stijn Claessens, Ayhan Kose, Luc Laeven, and Fabian Valencia
- Published Date:
- February 2014
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- Hyun Song ShinPresented at the IMF conference on “Financial Crises: Causes, Consequences, and Policy Response,” Washington, DC, September 14, 2012. The author thanks Stijn Claessens, Ayhan Kose, Luc Laeven, and Fabian Valencia for comments on an earlier draft, and Laura Yi Zhao for research support.