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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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Shocks and Household Debt in South Africa: A Variance Decomposition and GIRF Analysis
TL;DR: In this paper, the authors investigate how the South African household debt might respond to shocks over a significant time horizon using the Variance Decomposition and the Generalized Impulse Response Function analyses.
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Banking Crises, R&D Investments and Slow Recoveries
TL;DR: This article studied the effect of banking crises on the composition of investment and economic growth and found that industries that depend more on external finance, in more bank-based economies, invest disproportionately less in R&D following episodes of banking distress.
BreaKING THrOUGH THe FrONTIer: CaN TODaY'S DYNaMIC LOW-INCOMe COUNTrIeS MaKe IT?
John C. Bluedorn,Jaime Guajardo,Shan Chen,Angela Espiritu,Romain Duval,Andrew Levin,Chris Papageorgiou,Catherine Pattillo +7 more
TL;DR: The frequency of growth takeoff s in low-income countries (LICs) has risen markedly during the past two decades, and these takeoff s have lasted longer than those that took place before the 1990s as mentioned in this paper.
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Does investor sentiment affect bank stability? International evidence from lending behavior
TL;DR: Cubillas and Ferrer as mentioned in this paper acknowledge financial support from the Spanish Ministry of Science and Innovation (Proyect PID2019-108503RB-I00) and the Spanish National Institute of Technology (INTEF) respectively.
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The determinants of outreach performance of social business: an inquiry on italian social cooperatives
Leonardo Becchetti,Fabio Pisani +1 more
TL;DR: In this article, the authors analyze factors affecting outreach performance of a large sample of (type A) social cooperatives in Italy taking into account their heterogeneity with a multi-output stochastic distance function frontier.