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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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The random parameters stochastic frontier cost function and the effectiveness of public policy: Evidence from bank restructuring in Mexico
TL;DR: In this article, the authors apply specifications of the random parameters stochastic frontier cost function model to estimate bank efficiency and determine the effect of foreign acquisitions on bank cost efficiency following legislative reforms made as part of Mexico's bank restructuring program in 1995.
CYCLICAL PATTERNS IN GOVERNMENT HEALTH EXPENDITURES BETWEEN 1995 AND 2010: Are Countries Graduating from the Procyclical Trap or Falling Back?
Edit V. Velényi,Marc F. Smitz +1 more
TL;DR: In this paper, the authors provide empirical evidence on the cyclicality of government health expenditures, using panel data from a global macro database, the fiscal health database, which covers 183 countries between 1995 and 2010.
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The Impact of Financial Crises on the Poor
TL;DR: The authors investigated the impact of three different types of financial crises on the income of the poor and found that currency crises are the most harmful to the poor, followed by banking crises. But they did not find that debt crises only have a statistically significant effect on the poor in richer countries.
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Crisis, potential output and hysteresis
TL;DR: In this article, the effects of financial crises on potential output accounting for hysteresis on a panel of 34 OECD economies were investigated. And the authors found that the effect of financial crisis on the first years of a crisis was marginal in the first year but grows over time to about 1/3 after six years.
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When do peers matter?: A cross-country perspective
TL;DR: In this paper, the authors present the Journal of International Money and Finance Volume 69, December 2016, Pages 364 and389, with a focus on the use of money and finance.