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

Schweickert, Rainer

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 Download (pdf)

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Authors

Kittelmann
K.
Schweickert
R.
Vinhas de Souza
L.
Tirpak
M.

Publication Date: 02/2006

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.