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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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Institutions, Policy and Banking Sector Development: A Reassessment
TL;DR: In this paper, the authors investigated the link between institutional quality and government policy in banking sector development, using data from 80 low-, middle- and high-income economies during 1985-2007.
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Understanding the dichotomy of financial development: credit deepening versus credit excess
TL;DR: In this paper, the authors introduce several methodological innovations in an empirical analysis of the determinants of the private Credit-to-GDP ratio, which allow them to estimate the long-term sustainable level of credit deepening in a country and its deviations.
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Bank Ownership and Lending: Does Bank Ownership Matter?
TL;DR: In this article, the differences in foreign-owned banks' loan growth and its determinants in comparison with privately-owned domestic banks were examined using the Central and Eastern European (CEE) bank-level data covering 2004-12.
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Reducing model risk in early warning systems for banking crises in the euro area
Virginie Coudert,Julien Idier +1 more
TL;DR: In this paper, an early warning system (EWS) is proposed to detect periods preceding banking crises in the euro area through an early-warning system and propose a new method to deal with model uncertainty.
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Political Investment Cycles of State-Owned Enterprises
Qingyuan Li,Chen Lin,Li Xu +2 more
TL;DR: In this paper, a large panel of more than 140,000 state-owned enterprises (SOEs) was used to examine SOEs' investment behavior surrounding 82 national elections in 25 European countries between 2001 and 2015, finding that SOEs increase their corporate investment by about 29% of the sample average during national election years.