In this paper, we study the relationship between banking crises, external financial crises and gross international … capital flows. First, we confirm that banking and external crises are correlated. Then, as we explore the role of gross … repatriation we call gross foreign investment reversals (GIR) – predict banking as well as external crises. Finally, we estimate …

This paper asks whether bonanzas (surges) in net capital inflows increase the probability of banking crises and whether … indicates that bonanzas in all flows increase the probability of crises when the windfall takes place jointly with a lending … exhibit greater odds of crises after a windfall of capital …

recession. The existing literature on financial crises rarely distinguish between factors that create the original strain on the … the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue … crises would be reduced if appropriate institutions could be put in place Lacking appropriate institutions to avoid contagion …

This paper asks whether bonanzas (surges) in net capital inflows increase the probability of banking crises and whether … indicates that bonanzas in all flows increase the probability of crises when the windfall takes place jointly with a lending … greater odds of crises after a windfall of capital …

systemic banking crises. The paper uses a de facto proxy for financial integration based on network statistics of banks … incidence of banking crises. An increased level of de facto integration as mea- sured by borrowing by banks is positively … associated with the incidence of crises. A higher level of de jure integration (capital account openness) is also associated with …