Discuss the extent to which you believe the academic literature has been successful in designing early warning systems that signal impending crisis situations and outline the difficulties involved in developing a universal model of crisis prediction.

Subject-specific practical and intellectual skills and attributes:
(1) Critically evaluate research in international financial markets;
(2) Synthesise information from a number of sources in order to gain a coherent understanding of the theory and practice of international financial markets;
(3) Construct well-balanced arguments in an academic essay format; (4) Read current articles in leading finance journals; (5) Link taught material to articles in the mainstream financial press;

Answer rating: 100% (QA)

Extent of Success in Designing Early Warning Systems The academic literature has made significant strides in designing early warning systems EWS to signal impending crisis situations in financial mark... View the full answer