EM-FEWS: An Exchange Market Pressure-Based Financial Early Warning System for India
Year: 2026
Type: preprint
Abstract: This paper develops EM-FEWS, an Exchange Market Pressure-based financial early warning system for India, built using the KLR (Kaminsky-Lizondo-Reinhart) methodology. The model is designed to identify periods of currency and exchange market stress before they escalate into full-blown financial crises, using publicly available macroeconomic data. The framework is fully transparent and replicable, offering a practical tool for assessing external sector vulnerability in emerging market economies such as India. The paper is also available on SSRN and Academia.edu.
Author: Kumar, Yash
Institution: University of Delhi
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7204243410
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