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Valencia, Fabian; Laeven, Luc - International Monetary Fund (IMF) - 2008

This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and resolution policies for 42 crisis episodes, and...

Persistent link: https://www.econbiz.de/10005599378

The Anatomy of Banking Crises

Duttagupta, Rupa; Cashin, Paul - International Monetary Fund (IMF) - 2008

This paper uses a Binary Classification Tree (BCT) model to analyze banking crises in 50 emerging market and developing countries during 1990-2005. The BCT identifies key indicators and their threshold values at which vulnerability to banking crisis increases. The three conditions identified as...

Persistent link: https://www.econbiz.de/10005599621

Rules of Thumb for Sovereign Debt Crises

Roubini, Nouriel; Manasse, Paolo - International Monetary Fund (IMF) - 2005

This paper contains an empirical investigation of the set of economic and political conditions that are associated with a likely occurrence of a sovereign debt crisis. We use a new statistical approach (Binary Recursive Tree) that allows us to derive a collection of "rules of thumb" that help...

Persistent link: https://www.econbiz.de/10005604956

Predicting Sovereign Debt Crises

Schimmelpfennig, Axel; Roubini, Nouriel; Manasse, Paolo - International Monetary Fund (IMF) - 2003

We develop an early-warning model of sovereign debt crises. A country is defined to be in a debt crisis if it is classified as being in default by Standard & Poor's, or if it has access to nonconcessional IMF financing in excess of 100 percent of quota. By means of logit and binary recursive...

Persistent link: https://www.econbiz.de/10005248202

Central Bank Involvement in Banking Crises in Latin America

Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2008

This paper reviews the nature of central bank involvement in 26 episodes of financial disturbance and crises in Latin America from the mid-1990s onwards. It finds that, except in a handful of cases, large amounts of central bank money were used to cope with large and small crises alike. Pouring...

Persistent link: https://www.econbiz.de/10005264086

Bank/sovereign risk spillovers in the European debt crisis

De Bruyckere, Valerie; Gerhardt, Maria; Schepens, Glenn; … - 2012

This paper investigates contagion between bank risk and sovereign risk in Europe over the period 2006-2011. Since this … spillovers. We define contagion as excess correlation, i.e. correlation between banks and sovereigns over and above what is … of contagion by analyzing bank-specific as well as country-specific variables and their interaction. We provide empirical …

Persistent link: https://www.econbiz.de/10011506752