How to Evaluate an Early-Warning System: Toward a Unified Statistical Framework for Assessing Financial Crises Forecasting Methods

2012 ◽  
Vol 60 (1) ◽  
pp. 75-113 ◽  
Author(s):  
Bertrand Candelon ◽  
Elena-Ivona Dumitrescu ◽  
Christophe Hurlin
Author(s):  
Amir Manzoor

To maintain financial stability, prevention of financial crisis is very important. This prevention is especially is especially important for developing countries where we need robust instruments for prediction of financial crises. One such instrument is Early Warning System (EWS). An EWS provided signals that could reflect the likelihood of a financial crisis over a given time horizon. Changing nature of financial risks due to liberalization of economies has increased the importance of an effective EWS. This chapter explores the state of the art of EWS. It is suggested that policy makers should take into account their objectives and related thresholds of various while developing an EWS since there exists a sharp trade-off between correctly calling crises and false alarms.


2012 ◽  
Vol 157-158 ◽  
pp. 743-746
Author(s):  
Hai Bo Jiang ◽  
Chang Sheng Ji ◽  
Ying Qiu Shu ◽  
Jiang Li

The slope, out-dump ,inner-dump and work-slope, is the important part in the open colliery. Slope should bring the huge loss without effective forecast during the work. Many methods have been used in the slope stability analysis to escape the slope. Dffective landslide forecast can improve the early warning system of landslides and mitigate the landslide disasters. In this paper, the methods used in the analysis have been list and forecast reasearch should be discuss. The better method could be get from integrate the multi-method.


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