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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| Định dạng: | Bài trích |
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Elsevier
2022
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| Truy cập trực tuyến: | 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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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 |
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1751856313133957120 |
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8.887836 |