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We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of...
Persistent link: https://www.econbiz.de/10013098639
This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the...
Persistent link: https://www.econbiz.de/10012909413
This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...
Persistent link: https://www.econbiz.de/10012868462
While there is an extensive literature examining the economic impact of conflict and political instability, surprisingly there have been few studies on their impact on the probability of banking crises. This paper therefore investigates whether rising conflict and political instability globally...
Persistent link: https://www.econbiz.de/10012849622
Foreign bank lending has stopped growing since the global financial crisis. Changes in banks' business models, balance-sheet adjustments, as well as the tightening of banking regulations are potential drivers of this prolonged slowdown. The existing literature however suggests an opposite effect...
Persistent link: https://www.econbiz.de/10012977751
theoretical and empirical evidence to show that differences in underlying macroeconomic volatility are key. While volatility … higher default risk that volatility engenders …
Persistent link: https://www.econbiz.de/10012783212
integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an …
Persistent link: https://www.econbiz.de/10013098620
investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world. We …
Persistent link: https://www.econbiz.de/10013088405
This paper examines the impact of international financial integration on macroeconomic volatility in a large group of … industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output … volatility of consumption growth relative to that of income growth has increased for more financially integrated developing …
Persistent link: https://www.econbiz.de/10013212317
This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting an instrumental variable strategy and a propensity score...
Persistent link: https://www.econbiz.de/10013027614