Our empirical results from historical data of 19 countries in 25 years (1975-2000) show that the return differential of equity market has good prediction power for currency crises.
对19个国家25年（1975—2000）月度数据的拟合效果表明在经汇率调整后的对美国股市收益率差有着较好的拟合结果。
Empirical results show that this measurement has a good reliability and validity.
实证结果证明本测量具有良好的信度和效度。
From empirical results, the model has a good reality adaptability and practicality.
从实证结果看，本文所建立的模型具有良好的现实适应性和实用性。
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