Banking Crises and Reversals in Financial Reforms
Journal Title: Finance a uver - Year 2018, Vol 68, Issue 5
Abstract
A number of countries have gone through banking crises since the early 1970s. This work links those episodes with the patterns of various financial reforms within those countries. As banking crises in a domestic economy are endogenous, exposures to banking crises in the rest of the world through the trade channel help identify the domestic banking crises. Both 2SLS and GMM estimations are used. The results demonstrate that systemic banking crises reverse financial reforms with varying lags, while non-systemic crises exert a weaker influence on financial reforms. The core methodological contribution of this work is an empirical identification strategy for occurrences of banking crises.
Authors and Affiliations
Petar Stankov
Keywords
Related Articles
- EP ID EP544416
- DOI -
- Views 150
- Downloads 0
Two Decades of Inflation Targeting in the Czech Republic
Introduction
Institutions, Policy and Banking Sector Development: A Reassessment
This paper investigates the links between institutional quality and government policy in banking sector development, using data from 80 low-, middle- and high-income economies during 1985–2007. In order to investigate th...
The Time Dimension of the Links Between Loss Given Default and the Macroeconomy
Most studies focusing on the determinants of loss given default (LGD) have largely ignored possible lagged effects of the macroeconomy on LGD. We fill this gap by employing a wide set of macroeconomic covariates on a ret...
The Russian Stock Market during the Ukrainian Crisis: A Network Perspective
The goal of the this paper is to investigate the shock spillover characteristics of the Russian stock market during different rounds of sanctions imposed as a reaction to Russia’s alleged role in the Ukrainian crisis. We...
The Dynamics of Sovereign Credit Default Swaps and the Evolution of the Financial Crisis in Selected Central European Economies
In this paper, we analyze the dynamics of selected sovereign Central European credit default swap (hereinafter referred to as “sovereign CDS” or “sCDS”) prices and investigate regional and European interdependencies amon...