Babecký, Jan; Havránek, Tomáš; Mateju, Jakub; … - Institut ekonomických studií, Univerzita Karlova v Praze - 2012
We construct and explore a new quarterly dataset covering crisis episodes in 40 developed countries over 1970–2010. First, we examine stylized facts of banking, debt, and currency crises. Using panel vector autoregression, we confirm that currency and debt crises are typically preceded by...