We analyze banking crises using a panel of macroeconomic and financial data for more than one hundred developing countries from 1975 through 1992. We find that banking crises in emerging markets are strongly associated with adverse external conditions. In particular Northern interest rates are...

We analyze banking crises using a panel of macroeconomic and financial data for more than one hundred developing countries from 1975 through 1992. We find that banking crises in emerging markets are strongly associated with adverse external conditions. In particular Northern interest rates are...

This paper examines the role of monetary factors in the variation of nominal interest rates in India for the deregulated regime of interest rates and the exchange rates. Empirical analysis involves quarterly time series dataset including interest rates on 91-day, 364-day treasury bills (TBs),...