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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 nexus between loan portfolio size and volatility: Does bank capital regulation matter?
Franziska Bremus,Melina Ludolph +1 more
TL;DR: In this article, the effects of bank capital regulation on the link between bank size and volatility were analyzed using bank-level data for 27 advanced economies over the 2000-2014 period.
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Institutional Constraints to Political Budget Cycles in the Enlarged EU
Esther Ademmer,Ferdinand Dreher +1 more
TL;DR: The authors revisited political budget cycles in the enlarged European Union (EU) and found that governments frequently fiscally stimulate the economy prior to elections, a phenomenon that is seemingly not only an Eastern problem of the EU’s new members, as has been suggested in the literature.
Implications of the financial crisis on the soundness of the banking system in the Republic of Moldova
TL;DR: In this paper, the authors verify whether a systemic crisis was recorded within the domestic banking sector during recent years and to establish the conditions which could be classified as a full-fledged crisis episode in the case of the Republic of Moldova.
How do Financial Crises affect Trade Flows
TL;DR: This paper examined whether financial crises affect international trade flows by focusing on three main rationales for such a relationship: the issue of sunk costs of entering foreign markets, the problem of access to trade finance, and the "demand side" shocks associated with financial turmoil.
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Natural Disasters and International Financial Accessibility in Developing Countries
Jiyoun An,Bokyeong Park +1 more
TL;DR: In this article, the authors examined the impact of natural disasters on affected countries' accessibility to international financial resources and found empirical evidence that natural disasters significantly reduced the accessibility of countries to international resources.