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Systemic Banking Crises Database; An Update
Fabian Valencia,Luc Laeven +1 more
TLDR
This article updated the widely used banking crisis database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e., fiscal costs, output losses, and increases in public debt).Abstract:
We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.read more
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What is the net effect of financial liberalization on bank productivity? A decomposition analysis of bank total factor productivity growth
TL;DR: In this article, the authors employ a unique framework to quantify the net effect of financial liberalization on banks' total factor productivity (TFP) growth through a decomposition analysis of two effects: a positive direct effect on bank TFP growth; and a negative indirect effect operating through a higher propensity to systemic banking crisis.
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Social Protection for Poverty Reduction in Times of Crisis
TL;DR: The authors used the most comprehensive database on social spending compiled thus far, and the unique cross-country database on poverty to explore the poverty-reducing role of social protection during financial crises, finding that financial crises are associated with slower reductions in the poverty headcount and the poverty gap.
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Banking Concentration and Financial Stability. New Evidence from Developed and Developing Countries
TL;DR: In this article, the authors analyzed the relationship between banking concentration and financial stability for a sample of 156 developed and developing countries during the period 1980-2011 and found that concentration has a positive and stabilizing impact on financial stability through the profitability channel and a negative and destabilizing impact through the interest rate channel.
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Institutional and Structural Determinants of Investment Worldwide
TL;DR: In this article, the authors consider institutional and structural factors associated with investment activity in a panel of up to 129 developed and developing countries and find that financial development and institutional quality are reasonably robust determinants of cross-country capital formation, with latter displaying more stability in the sign and significance of its coefficient.
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Comparing different early warning systems: Results from a horse race competition among members of the Macro-prudential Research Network
Lucia Alessi,António Antunes,Jan Babecky,Simon Baltussen,Markus Behn,Diana Bonfim,Diana Bonfim,Oliver Bush,Oliver Bush,Carsten Detken,Jon Frost,Jon Frost,Rodrigo Guimaraes,Tomas Havranek,Tomas Havranek,Mark Joy,Karlo Kauko,Jakub Mateju,Jakub Mateju,Nuno Monteiro,Benjamin Neudorfer,Tuomas A. Peltonen,Paulo M.M. Rodrigues,Marek Rusnák,Marek Rusnák,Willem Schudel,Michael Sigmund,Hanno Stremmel,Katerina Smidkova,Katerina Smidkova,Ruben van Tilburg,Bořek Vašíček,Bořek Vašíček,Diana Zigraiova +33 more
TL;DR: In this paper, the authors compare the performance of nine distinct models for predicting banking crises resulting from the work of the Macro-prudential Research Network (MaRs) initiated by the European System of Central Banks.