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

Author/Editor:

Asli Demirgüç-Kunt ; Enrica Detragiache

Publication Date:

May 1, 2005

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

A rapidly growing empirical literature is studying the causes and consequences of bank fragility in present-day economies. The paper reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their application to studying 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.

Series:

Working Paper No. 05/96

Subject:

English

Publication Date:

May 1, 2005

ISBN/ISSN:

9781451861150/1018-5941

Stock No:

WPIEA2005096

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

32

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