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Banking Crises and Short and Medium Term Output Losses in Emerging and Developing Countries: The Role of Structural and Policy Variables

Furceri, Davide; Zdzienicka, Aleksandra - In: World Development 40 (2012) 12, pp. 2369-2378

The aim of this paper is to assess the dynamic impact of banking crises on output for a panel of developing economies. Using an unbalanced panel of 159 countries from 1970 to 2006, the paper shows that banking crises produce significant output losses. Output losses are larger for relatively...

Persistent link: https://www.econbiz.de/10010594944

Une lecture de la crise à la lumière des crises passées

Furceri, Davide; Mourougane, Annabelle - In: Economie et statistique 438/440 (2010), pp. 19-42

Persistent link: https://www.econbiz.de/10009229180

Episodes of Large Capital Inflows and the Likelihood of Banking and Currency Crises and Sudden Stops

Furceri, Davide; Guichard, Stéphanie; Rusticelli, Elena - Economics Department, Organisation de Coopération et … - 2011

This paper provides an empirical investigation of the relationship between surges in capital inflows and the probability of subsequent banking, currency and balance-of-payment crises. Using a panel of developed and emerging economies from 1970 to 2007, it is shown that a large capital inflow...

Persistent link: https://www.econbiz.de/10009358638

The Effect of Financial Crises on Potential Output: New Empirical Evidence from OECD Countries

Furceri, Davide; Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2009

alternative de la production potentielle, à des changements dans la méthodologie et dans la période d’estimation. …

Persistent link: https://www.econbiz.de/10005045831

Financial Crises: Past Lessons and Policy Implications

Furceri, Davide; Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2009

This overview paper examines the financial crisis in light of past country experience and economic theory and sets out some preliminary policy recommendations. A number of facets of the crisis are detailed, including its origins and spreading factors as well as crisis resolution policies and...

Persistent link: https://www.econbiz.de/10005046113

The effect of financial crises on potential output: New empirical evidence from OECD countries

Furceri, Davide; Mourougane, Annabelle - In: Journal of Macroeconomics 34 (2012) 3, pp. 822-832

The aim of this paper is to assess the impact of financial crises on potential output. For this purpose a univariate autoregressive growth equation is estimated on an unbalanced panel of OECD countries over the period 1960–2008. Our results suggest that the occurrence of a financial crisis...

Persistent link: https://www.econbiz.de/10010595238

The Euro Area Crisis; Need for a Supranational Fiscal Risk Sharing Mechanism?

Furceri, Davide; Zdzienicka, Aleksandra - International Monetary Fund (IMF) - 2013

The aim of this paper is to assess the effectiveness of risk sharing mechanisms in the euro area and whether a … euro area countries over the period 1979-2010, the results of the paper show that: (i) the effectiveness of risk sharing … mechanisms in the euro area is significantly lower than in existing federations (such as the U.S. and Germany) and (ii) it falls …

Persistent link: https://www.econbiz.de/10011242326

The Consequences of Banking Crises for Public Debt

Furceri, Davide; Zdzienicka, Aleksandra - Economics Department, Organisation de Coopération et … - 2010

The aim of this paper is to assess the consequences of banking crises for public debt. Using an unbalanced panel of 154 countries from 1980 to 2006, the paper shows that banking crises are associated with a significant and long-lasting increase in government debt. The effect is a function of the...

Persistent link: https://www.econbiz.de/10008455437

The Consequences of Banking Crises on Public Debt

Furceri, Davide; Zdzienicka, Aleksandra - Groupe d'Analyse et de Théorie Économique Lyon … - 2010

The aim of this paper is to assess the consequences of banking crises on public debt. Using an unbalanced panel of 154 countries from 1980 to 2006, the paper shows that banking crises produce a significant and long-lasting increase in government debt. The effect is a function of the severity of...

Persistent link: https://www.econbiz.de/10008460676