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 …

This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many …

A common legacy of banking crises is a large increase in government debt, as fiscal resources are used to shore up the … banking system. Do crisis response strategies that commit more fiscal resources lower the economic costs of crises? Based on … evidence from a sample of 40 banking crises we find that the answer is negative. In fact, policies that are riskier for the …

This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the … banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its … in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the …

This paper provides a framework to assess the benefits and costs of intervening in a banking crisis. Intervention … resolution strategy. Dominant factors affecting net benefits are the relative size of the banking system and the loss liquidation …

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 …

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 …

Many empirical studies of banking crises have employed "banking crisis" (BC) indicators constructedusing primarily … information on government actions undertaken in response to bank distress. Weformulate a simple theoretical model of a banking …

We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent … banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy …