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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/5859 https://doi.org/10.1016/j.econmod.2022.105770
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spelling	oai:localhost:PNK-58592022-08-17T05:54:52Z 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 2022-07-13T01:59:43Z 2022-07-13T01:59:43Z 2022 Bài trích https://www.sciencedirect.com/science/article/abs/pii/S0264999322000165?via%3Dihub https://dlib.phenikaa-uni.edu.vn/handle/PNK/5859 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/5859 https://doi.org/10.1016/j.econmod.2022.105770
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score	8.891145

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

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