Systemic Banking Crises Revisited /

This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal a...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Laeven, Luc
Weitere Verfasser: Valencia, Fabian
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2018.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2018/206
Online Zugang:Full text available on IMF
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245 1 0 |a Systemic Banking Crises Revisited /  |c Luc Laeven, Fabian Valencia. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide or follow banking crises. 
538 |a Mode of access: Internet 
700 1 |a Valencia, Fabian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/206 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/206/001.2018.issue-206-en.xml  |z IMF e-Library