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Researchers from University of Pittsburgh Report Details of New Studies and Findings in the Area of Economic Modelling (Capital account openness and...

July 4, 2014



Researchers from University of Pittsburgh Report Details of New Studies and Findings in the Area of Economic Modelling (Capital account openness and early warning system for banking crises in G20 countries)

By a News Reporter-Staff News Editor at Economics Week -- Data detailed on Economic Modelling have been presented. According to news originating from Pittsburgh, Pennsylvania, by VerticalNews correspondents, research stated, "This paper develops an early warning system for banking crises in the G20 countries, with the inclusion of capital account openness indicators."

Our news journalists obtained a quote from the research from the University of Pittsburgh, "Results suggest that the capital account openness demonstrates a significant predictive power on systemic banking crises, and the impact is related with the level of the economic development For low-income countries, increased capital account openness has a significantly negative impact on the banking crises likelihoods, while for high-income countries it imposes a positive impact."

According to the news editors, the research concluded: "For middle-income countries, however, the occurrence of banking crises is more indifferent to capital account liberalization."

For more information on this research see: Capital account openness and early warning system for banking crises in G20 countries. Economic Modelling, 2014;39():190-194. Economic Modelling can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Economic Modelling - www.elsevier.com/wps/product/cws_home/30411)

The news correspondents report that additional information may be obtained from X. Qin, University of Pittsburgh, Dept. of Econ, Pittsburgh, PA 15260, United States.

Keywords for this news article include: Pittsburgh, Pennsylvania, United States, Economic Modelling, North and Central America

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Economics Week


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