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A new comprehensive database of financial crises: Identification, frequency, and duration

This paper introduces a new database of financial crises, providing an important insight into the causes, duration, and consequences of different types of financial crises. Besides extending the systemic banking crises database by Laeven and Valencia (2020) to the period 1970–2019, we develop new ap...

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Main Authors: Thanh, Cong Nguyen, Vítor, Castro, Justine, Wood
Format: Bài trích
Language:English
Published: Elsevier 2022
Subjects:
Crises identification
Types of financial crises
Online Access:https://www.sciencedirect.com/science/article/abs/pii/S0264999322000165?via%3Dihub
https://dlib.phenikaa-uni.edu.vn/handle/PNK/5721
https://doi.org/10.1016/j.econmod.2022.105770
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spelling oai:localhost:PNK-57212022-08-17T05:54:50Z A new comprehensive database of financial crises: Identification, frequency, and duration Thanh, Cong Nguyen Vítor, Castro Justine, Wood Crises identification Types of financial crises This paper introduces a new database of financial crises, providing an important insight into the causes, duration, and consequences of different types of financial crises. Besides extending the systemic banking crises database by Laeven and Valencia (2020) to the period 1970–2019, we develop new approaches for the identification of currency and sovereign debt crises, which we regard as preferable in some respects to those in the literature. Covering 206 countries, our crises database draws on 151 systemic banking crises (1970–2019), 414 currency crises (1950–2019), 200 sovereign debt crises (1960–2019), 75 twin crises (1970–2019), and 21 triple crises (1970–2019). We provide evidence that banking and debt crises tend to coincide or precede currency crises, while debt crises and banking crises are less likely to coincide with or precede each other. We also find that advanced countries experienced longer banking crises but shorter currency, debt, twin, and triple crises. 2022-05-05T07:26:12Z 2022-05-05T07:26:12Z 2022 Bài trích https://www.sciencedirect.com/science/article/abs/pii/S0264999322000165?via%3Dihub https://dlib.phenikaa-uni.edu.vn/handle/PNK/5721 https://doi.org/10.1016/j.econmod.2022.105770 en Elsevier
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic Crises identification
Types of financial crises
spellingShingle Crises identification
Types of financial crises
Thanh, Cong Nguyen
Vítor, Castro
Justine, Wood
A new comprehensive database of financial crises: Identification, frequency, and duration
description This paper introduces a new database of financial crises, providing an important insight into the causes, duration, and consequences of different types of financial crises. Besides extending the systemic banking crises database by Laeven and Valencia (2020) to the period 1970–2019, we develop new approaches for the identification of currency and sovereign debt crises, which we regard as preferable in some respects to those in the literature. Covering 206 countries, our crises database draws on 151 systemic banking crises (1970–2019), 414 currency crises (1950–2019), 200 sovereign debt crises (1960–2019), 75 twin crises (1970–2019), and 21 triple crises (1970–2019). We provide evidence that banking and debt crises tend to coincide or precede currency crises, while debt crises and banking crises are less likely to coincide with or precede each other. We also find that advanced countries experienced longer banking crises but shorter currency, debt, twin, and triple crises.
format Bài trích
author Thanh, Cong Nguyen
Vítor, Castro
Justine, Wood
author_facet Thanh, Cong Nguyen
Vítor, Castro
Justine, Wood
author_sort Thanh, Cong Nguyen
title A new comprehensive database of financial crises: Identification, frequency, and duration
title_short A new comprehensive database of financial crises: Identification, frequency, and duration
title_full A new comprehensive database of financial crises: Identification, frequency, and duration
title_fullStr A new comprehensive database of financial crises: Identification, frequency, and duration
title_full_unstemmed A new comprehensive database of financial crises: Identification, frequency, and duration
title_sort new comprehensive database of financial crises: identification, frequency, and duration
publisher Elsevier
publishDate 2022
url https://www.sciencedirect.com/science/article/abs/pii/S0264999322000165?via%3Dihub
https://dlib.phenikaa-uni.edu.vn/handle/PNK/5721
https://doi.org/10.1016/j.econmod.2022.105770
_version_ 1751856313133957120
score 8.891053

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