Working Paper

From Transition Crises to Macroeconomic Stability? Lessons from a Crises Early Warning System for Eastern European and CIS Countries

Kiel Working Papers, 1269

This paper uses a Markov regime-switching model to assess the vulnerability of a series of Central and Eastern European countries (i.e. Czech Republic, Hungary, Slovak Republic) and two CIS countries (i.e., Russia and Ukraine) during the period 1993-2004.


Kristina Kittelmann
Lúcio Vinhas de Souza
Marcel Tirpak


Publication Date
JEL Classification
F47, P20, C22