Open AccessPosted Content
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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Revisiting the effects of remittances on bank credit: a macro perspective
TL;DR: In this paper, the authors investigated the effect of remittances on bank credit in developing countries and showed that the relationship between remittance and bank-credit is likely to be non-linear.
Journal ArticleDOI
Credit Booms in Developing Countries: Are They Different from Those in Advanced and Emerging Market Countries?
TL;DR: In this article, the authors examined the characteristics and determinants of credit booms in developing countries and found that credit boom is more likely to be the result of financial deepening than of dangerous buildups of financial risks.
Journal ArticleDOI
The Process towards the Centralisation of the European Financial Supervisory Architecture: The Case of the Banking Union
TL;DR: In this paper, the authors present an analysis on non-euro countries' own assessments of the pros and cons of joining the banking union and show that until fiscal responsibility for financial stability remains at the national level, regulatory centralisation cannot sever the traditional divide between home and host supervisors.
Book ChapterDOI
Capital Flow Volatility and Systemic Risk in Emerging Markets: The Policy Toolkit
Stijn,Ghosh,Swati R. Claessens +2 more
Posted ContentDOI
Natural Resources, Export Concentration and Financial Development
TL;DR: The authors showed empirically that export concentration tends to weaken private credit to GDP in resource-rich countries, leading to a reduction of the financial system's size due to volatility and the associated high real interest rates.