Cross-Country Empirical Studies of Systemic Bank Distress : A Survey

• Tác giả: Enrica Detragiache
• Ngôn ngữ: eng
• Ký hiệu phân loại: 001.43 Historical, descriptive, experimental methods
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 299609
• Chủ đề: 1. ADVERSE EFFECTS; 2. ADVERSE SHOCKS; 3. AGGREGATE DEMAND; 4. ASSET PRICES; 5. BALANCE SHEET

Tóm tắt

A rapidly growing empirical literature is studying the causes and consequences of bank fragility in contemporary economies. The authors reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their application to study the determinants of banking crises. The use of these models to provide early warnings for crises is also reviewed, as are studies of the economic effects of banking crises and of the policies to forestall them. The paper concludes by identifying directions for future research.