Bicaba, Zorobabel; Kapp, Daniel; Molteni, Francesco - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2011
The aim of this paper is to identify which factors explain why some countries are more prone to enjoy long durations of stability, while others experience crises in shorter intervals. To this end, we analyze the duration of stability periods between currency, debt, and banking crises from 1980...