resulted in deeper credit markets. To measure banking sectorreforms we use a new index that tracks policy changes in five … significantly influencethe effect of banking reforms on financial development. …

multivariate probability model-and their application to studying the determinants of banking crises. The use of these models to … provide early warnings for crises is also reviewed, as are studies of the economic effects of banking crises and of the …

In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often … restructuring programs and may increase moral hazard going forward. Using a sample of 42 episodes of banking crises, this paper …

Using aggregate and bank level data for several countries, the paper studies what happens to the banking system in the … aftermath of a banking crisis. Contemporary crises are not accompanied by declines in aggregate bank deposits, and credit does …

Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during … economic downturns, or do banking sector problems have independent negative effects on the economy? To answer this question we … examine industrial sectors with differing needs for financing. If banking crises have an exogenous detrimental effect on real …

This paper studies whether compliance with the Basel Core Principles for effective banking supervision (BCPs) is …

This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The … database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and …. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera (2005) banking crisis database, and is the …