, debt, banking, and foreign exchange markets. Unlike other previous studies, the important linkages among these four major … financial sectors in an interconnected world are directly taken into account by considering the average and time …

This paper develops a simple model of an international lender of last resort (ILOLR). The world economy consists of … many open economies, each with a banking system and a central bank operating under a pegged exchange rate regime. The … fragility of the banking system and the limited ability of a domestic central bank to provide international liquidity together …

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

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 …

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 …

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 empirically analyzes the effects of a banking crisis on bank credit to the private sector for a panel of … credit function changes during a banking crisis, reflecting a generalized disruption in the stability of behavioral …, this study gives support to Third Generation Models in their ability to predict banking crises. Based on the empirical …