the importance of liquidity and implicit guarantees in twin crises, while they question the benefits of branching in such …

, referred to as "twin crises", adjusting them to the same volatility. Thus, the objective is to measure the degree of … vulnerability to twin crises within a group of 19 countries in the context of the East Asian crisis. Based on the crisis index … regarding data from 1996, the most vulnerable countries of the twin crises can be ordered and identified a year before the onset …

in 2001) were twin crises. With risks at quite a high level, the banking sector was vulnerable to crises prior to all …, and the twin crises have been the problem of the Turkish economy especially since 1990. The banking crises in Turkey in …

sheets and precipitates a banking crisis. Under the assumption of government bailout of banks, it is shown that the `twin …' crises are self-fulfilling and their time-line follows (i) and (ii) described above. The timing of currency crisis is …