Furceri, Davide; Zdzienicka, Aleksandra - In: World Development 40 (2012) 12, pp. 2369-2378
The aim of this paper is to assess the dynamic impact of banking crises on output for a panel of developing economies. Using an unbalanced panel of 159 countries from 1970 to 2006, the paper shows that banking crises produce significant output losses. Output losses are larger for relatively...