tailieunhanh - Systemic Banking Crises: A New Database

Tham khảo sách 'systemic banking crises: a new database', công nghệ thông tin, cơ sở dữ liệu phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Systemic Banking Crises A New Database Luc Laeven and Fabian Valencia INTERNATIONAL MONETARY FUND 2008 International Monetary Fund WP 08 224 IMF Working Paper Research Department Systemic Banking Crises A New Database Prepared by Luc Laeven and Fabian Valencia1 Authorized for distribution by Stijn Claessens November 2008 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author s and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author s and are published to elicit comments and to further debate. This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. 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 2005 banking crisis database and is the most complete and detailed database on banking crises to date. JEL Classification Numbers G21 G28 Keywords banking crisis financial crisis crisis resolution database Author s E-Mail Address LLaeven@ Fvalencia@ 1 Laeven is affiliated with the International Monetary Fund IMF and the Center for Economic Policy Research CEPR and Valencia is affiliated with the IMF. The authors thank Olivier Blanchard Eduardo Borensztein Martin Cihak Stijn Claessens Luis Cortavarria-Checkley Giovanni dell Ariccia David Hoelscher Simon Johnson Ashok Mody Jonathan Ostry and Bob Traa for comments and discussions and Ming Ai Chuling Chen and Mattia Landoni for excellent research .