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Table 3 Crisis Flagging: Assessment Periods 1-4

From: Indicators of economic crises: a data-driven clustering approach

  Period 1 Period 2 Period 3 Period 4
Argentina t B; c b 0
Australia b* b* C C
Austria 0 0 0 B
Belgium 0 0 0 B
Brazil t B; c b C
Canada 0 0 0 0
Colombia c C T 0
Finland B; c1 0 0 0
France 0 B* 0 B
Germany 0 0 0 B
Greece B*; c b* 0 B
India 0 B b* C
Indonesia B* b* T C
Italy b*; C b* 0 B
Japan B b b 0
Mexico B T b* C
Norway B; c1 0 0 C
Netherlands 0 0 0 B
Portugal 0 0 0 B
South Korea 0 0 T 0
Spain C 0 0 B
Singapore 0 0 C 0
Sweden B; c1 b 0 T
Thailand 0 0 T 0
Turkey B* C 0 C
United Kingdom B* B* b* B; c1
United States b 0 0 B
  1. Note: B = banking-crisis at the end of the period; C = currency-crisis at the end of the period; T = banking- & currency-crisis at the end of the period; b = banking-crisis occurrence within four quarters prior to the reference date; c = currency-crisis occurrence within four quarters prior to the reference date; t = twin-crisis occurrence within four quarters prior to the reference date; b1 = banking-crisis occurrence within four quarters after the reference date; c1 = currency-crisis occurrence within four quarters after the reference date