"From Chapter 1 of the IMF’s recent World Economic Outlook (Box 1.2), a set of findings by Jörg Decressin and Marco Terrones:
The Econometric Results
These results are reported in a table of estimates obtained from logit regressions over a sample up to 2010:..."
at http://www.econbrowser.com/archives/2011/09/what_predicts_a.html#ixzz1YzjyTxWY
The econometric results confirm that net capital inflows, financial sector reform, and total factor productivity are good predictors of a credit boom. Net capital inflows appear to have an important predictive edge over the other two factors.
The Econometric Results
These results are reported in a table of estimates obtained from logit regressions over a sample up to 2010:..."
at http://www.econbrowser.com/archives/2011/09/what_predicts_a.html#ixzz1YzjyTxWY
