This paper examines how pre-crisis conditions affect the duration of different types of financial crises using a data sample of 244 financial crises in 89 countries over the period 1985-2017. Results from our parametric survival analysis show that the duration of any type of financial crisis is...

This paper examines the effects of financial crises on income inequality using a panel of 128 countries over the period 1960-2019. We focus on different types of financial crises: banking, currency, debt, and twin and triple crises. Our results show that any type of financial crisis results in a...

We study the impact of economic policy uncertainty on the probability and duration of economic recessions in 10 major European Union countries over the period 1987Q2-2021Q1. We find that economic policy uncertainty results in not only a higher probability of economic recessions but also longer...

This study examines the impact of financial crises on human development over a panel of 113 countries for the years 1980-2017. Special attention is given to the effects of different types of financial crises on overall human development and its components: health, education, and income. Relying...

Over the last four decades, banking crises around the globe have become longer. This, along with the unprecedented government responses to the Great Recession of 2007/08, has led to a critical question of whether political decisions were somehow to blame for these more prolonged crises. Despite...

This paper assesses the role of the political environment in the timing of financial crises over a sample of 85 countries during the period 1975-2017. We consider systemic banking, currency, and sovereign debt crises in addition to twin and triple crises. Using a fixed effects logit model, this...

This paper examines the relationship between wholesale funding and bank stability and the conditioning effects of economic policy uncertainty. Based on a sample of 1815 commercial banks in 27 countries over the period 2005-2020, we provide evidence of a nonlinear relationship between wholesale...

This paper assesses the impact of financial crises on social spending and its components (healthcare, education, and social protection) on a panel of 108 countries for the years 1991-2019. An important novelty of this paper is that it tests for the distinct effects of different types of...