Roy, Saktinil; Kemme, David M. - In: International Review of Economics & Finance 24 (2012) C, pp. 270-294
We examine similarities in the run-up to banking crises using two criteria for their predictability: i) the percentage of a specified number of years prior to a crisis correctly called; and ii) the percentage of true alarms of total alarms for a crisis. Using panel logit models we find that a...