Systemic Banking Crises Database

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New Evidence on the Impact of Financial Crises in Advanced

(2009a) and the International Monetary Fund (IMF) Systemic Banking Crises Database (Laeven and Valencia, 2014) identify a crisis in Norway following the collapse of house prices in the late 1980s; but Reinhart and Rogoff date it as occurring from 1987 to 1993, while the IMF dates it as running from the second half of 1991 to 1993.

Marketing Fundamentals - BUAD 307

Systemic Banking Crises Database: An Update, IMF Working Papers 12/163, International Monetary Fund. o Morris, S. and H. S. Shin (1998), Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks, American Economic Review, 88, 587 597 o Rancière, Romain & Aaron Tornell & Frank Westermann, 2008. Systemic Crises and

Financial Liberalization and the Severity of Systemic Banking

quences of systemic banking crises. Systemic banking crises can have disastrous consequences on the macroecon-omy as episodes are often associated with stark declines in economic activity. As explained byHaugh et al.(2009), output losses are greater for recessions following banking crises than for recessions not following banking crises.

Managing the Real and Fiscal Effects of Banking Crises

things, ensuring that there are sufficient resources for Daniela Klingebiel, is a comprehensive database absorbing losses and that private agents face on 113 systemic banking crises that have occurred appropriate incentives for restructuring. The authors in 93 countries since the late 1970s. The database

Systemic Banking Crises and Bank Capitalization - Evidence

SYSTEMIC BANKING CRISES AND BANK CAPITALIZATION EVIDENCE FROM THE UK OBJECTIVE OF THE STUDY: After the triggering of the financial crisis in 2008, discussion has questioned financial regulation s attempt to maintain the financial system s solvency by making individual

Systemic Banking Crises: A New Database; Luc Laeven and

Title: Systemic Banking Crises: A New Database; Luc Laeven and Fabian Valencia IMF Working Paper 08/224; September 1, 2008. Author: hhwang Created Date

Resolving Systemic Financial Crises: Policies and Institutions

a systemic crisis relate to economic output losses and how this relationship depends on a country s policy choices and institutional characteristics. We try to answer these questions using a country-level database on fiscal outlays and output losses for 29 countries with systemic banking crises.

Occasional Paper Series - European Central Bank

3.3 Detailed features of systemic crises: evolution over time, length, origin, output losses and fiscal costs 20 3.4 Crisis management policies 28 Box 1 The global financial crisis and the sovereign and banking crises in Europe 30 4 Assessing the properties of standard early warning indicators based on the new crisis dataset 33

Systemic Banking Crises: A New Database

The database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and resolution policies for 42 crisis episodes, and also includes data on the timing of currency crises and sovereign debt crises. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera

Bailouts - Management Department

Valencia, Systemic Banking Crises: A New Database. IMF WP 08/224. Frequency of Financial Crises. Twin crisis = banking + currency. Triple crisis =

Total credit as an early warning indicator for systemic

new BIS database, this special feature finds that total credit developments predict the risk of systemic crises better than indicators based solely on bank credit. JEL classification: E44, G01. Financial crises are usually preceded by private sector credit booms.2 This insight can be used to construct early warning indicators for crises.


1. Luc Laeven and Fabian Valencia, Systemic Banking Crises Database: An Update, International Monetary Fund Working Paper 12/163. 2. Charles W. Calomiris, Banking Crises and the Rules of the Game, in Monetary and Banking History: Essays in Honor of Forrest Capie, ed., Geoffrey Wood, Terrence


Examining the evolution of real per capita GDP around 100 systemic banking crises reveals that a significant part of the costs of these crises lies in the protracted and halting nature of the recovery. On average it takes about eight years to reach the pre-crisis level of income; the median is about 6 ½ years.

Do Financial Regulations Matter for Firm Performance

inventory growth during systemic banking crises. We combine the systemic crisis database by Laeven and Valencia (2008) with the extensive dataset on cross-country nancial reforms from Abiad, Detragiache, and Tressel (2008) to investigate whether nancial regulations can mitigate the adverse impact of nancial instability on the economy.

Systemic Banking Crises Database: An Update

Systemic Banking Crises Database: An Update Prepared by Luc Laeven and Fabián Valencia. 1. Authorized for distribution by Stijn Claessens June 2012 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

Persistence of high income inequality and banking crises

Inequality and banking crises: incomes after-tax and transfers. In this section we investigate the between persistently high levels of relationship (disposable) income inequality and banking crises. More precisely, we proceed as follows: (i) We adopt the same criteria as AM11 for the identification of systemic banking crises.

OCCASIONAL PAPER - International Monetary Fund

Managing systemic banking crises / by a staff team led by David S. Hoelscher and Marc Quintyn Washington, D.C.: International Monetary Fund, 2003. p. cm. (Occasional paper, ISSN 0251-6365; 224) Includes bibliographical references. ISBN 1-58906-224-8 1. Banks and banking. 2. Financial crises. I. Quintyn, Marc. II. International

Identifying Banking Crises - Systemic Risk Centre

2. Turning points of banking crises a. Timing of bank vs. nonfinancial crashes 3. A revised chronology of banking crises a. Revisiting the global Great Depression b. New estimates of the average severity of crises

Learning from History: Volatility and Financial Crises

observations. On average, the database covers 62 years of historical observations per country. Our main interest is in banking crises and we adopt the dataset of Reinhart and Rogo (2009).2 The end result is an unbalanced panel that contains a binary indicator of whether a banking crisis occurs in a given year and country. The coverage is fairly

Lauder INTS 721 Bailouts (smaller version) [Read-Only]

Crises Twin crisis = banking + c rrencbanking + currency. Triple crisis = banking + currency + sovereign debt. Source: Luc Laeven and Fabian Valencia, Systemic Banking Crises: A New Database. IMF WP 08/224.

Systemic Banking Crises Database II - Springer

Systemic Banking Crises Database II 309 suchcrises.1 Thisdistinctionisimportant,particularlyfordrawingimplicationsof

International Banking Crises - Management Department

Source: Luc Laeven and Fabian Valencia, Systemic Banking Crises: A New Database. IMF WP 08/224. Frequency of Financial Crises. Twin crisis =

ADBI Working Paper Series

Using a new database, developed by Laeven and Valencia (2008), on the occurrence of systemic banking crises and policy responses to resolve them, one can see that all of the crises have two elements in common. Virtually all of the countries that suffered a crisis had made serious policy mistakes, and accumulated significant structural

An evaluation of early warning models for systemic banking

warning models for systemic banking crises using a sample of advanced economies covering the past 45 years. We compare a benchmark logit approach to several machine learning approaches recently proposed in the literature. We nd that while machine learning methods often attain a very high in-sample t, they are outper-

The Role of U.S. Monetary Policy in Global Banking Crises

The Role of U.S. Monetary Policy in Global Banking Crises Bora Durdu, Alex Martin, and Ilknur Zer 2019-039 Please cite this paper as: Durdu, C. Bora, Alex Martin, and Ilknur Zer (2019). The Role of U.S. Mon-etary Policy in Global Banking Crises, Finance and Economics Discussion Se-ries 2019-039.

University of Groningen Banking crises: identification

Systemic banking crises database. IMF Eco-nomic Review 61, 225 270. Lam, K. F. and J. W. Moy (2002). Combining discriminant methods in solving # # d. s. d

Initiative for Policy Dialogue Working Paper Series

We measure nancial instability as the frequency of banking crises. We use data on banking crises from Laeven and Valencia (2008), who extend the database by Caprio et al. (2005). The database covers the universe of systemic banking crises for the period 1970-2007. The de nition of a banking crisis is broad: there is a banking crisis if a


Overview of banking crises in the SADC region from late 1980s through 2011 Between 1985 and 2011, the SADC has experienced a number of banking crises. However, most of these banking crises occurred in the late 1980s and early 1990s. The recent banking crisis episode in the SADC region is the Zimbabwe banking crises

Banking Crises; Determinants and Crises? Impact on Fiscal

From the database by Laeven and Valencia (2008) I obtain the core data on banking crises, consisting of 80 banking crises in a sample of 120 countries during the period of 1980 to 2005.

Systemic Banking Crises Database - JSTOR Home

Systemic Banking Crises Database LUC LAEVEN and FABIÁN VALENCIA* The paper presents a comprehensive database on systemic banking crises during 1970-2011. It proposes a methodology to date banking crises based on policy indices, and examines the robustness of this approach. The paper also presents

Working Paper Series

The dataset covers the yearly evolution of NPLs for 88 banking crises in 78 countries since 1990. This includes all major regional and global crises during this period (e.g., the Nordic banking crisis, the Asian financial crisis, the GFC / Euro Area crisis), and numerous standalone crises in transition and low-income economies. For each crisis,

Financial systems and banking crises: An assessment

intermediaries or markets. Banking fragility will mean a situation in which borderline or systemic banking crises are present in an economy. 5 The absence of accepted empirical definitions for financial structure and financial development makes necessary to use assortments of indicators in the analysis.

Learning from History: Volatility and Financial Crises

constructing a cross-country database spanning up to 211 years and 60 countries. Prolonged periods of low volatility have strong in-sample and out-of-sample predictive power over the incidence of banking crises and can be used as a reliable crisis indicator, whereas volatility itself does not predict crises. Low volatility leads to


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

A ca E cc B - African Development Bank

Lé for comments. We also thank Luc Laeven for sharing his database on systemic banking crises. 2 Corresponding author: [email protected] Abstract This brief presents a comparative review of the banking systems and regulations in Africa relative to other regions of the world. It compares indicators of the banking

How Does Bank Competition Affect Systemic Banking Crises?

examine this relationship using a more recent systemic banking crises database of Laeven and Valencia (2018). There are 61 countries which had experienced systemic crises during 1996-2017. This study used Lerner index and Boone indicator as proxy measures of competition and three estimation techniques to estimate the relationship.

How much does the private sector really borrow? A new

financial stability history shows that systemic banking crises tend to be preceded by unusually large build-ups of credit in the private sector. Despite this importance, series for total credit to the non-financial private sector have not been readily available. Even in countries that compile financial accounts,


Whenever there is a systemic banking crisis there is a need to inject liquidity into the banking system in order to avoid an excessive credit contraction. Different mechanisms might be used but all of them are costly. A recent study of the IMF 1 analyses forty two systemic banking crises and shows that in thirty two of them, there was some kind of

Housing Markets: Setting the Scene - Europa

Nov 30, 2016 Note: Financial crisis includes: systemic banking crisis, currency crisis, sovereign debt crisis, and sovereign debt restructuring Source: Systemic Banking Crises Database: An Update by Luc Laeven and Fabian Valencia (2012) 0 5 10 15 20 25 30 35 40 45 50 Gloom Bust and Boom Boom Average Output Loss: 2007 -12, In percent