Nowa metoda identyfikacji epizodów kryzysowych na rynku walutowym w oparciu o wskaźnik presji rynkowej (EMP)

The economic literature dealing with currency crises most frequently identifies crisis occurrence on the basis of a measure called exchange market pressure wchich approximates pressures on the currency markets. It is shown in this article that the identification of crises episodes obtained in this way leaves much to be desired. That is why an alternative method of identifying crisis occurence is presented in the paper. Nevetherless, the methods also benefits from the concept of echange market pressure.