The Length and Cost of Banking Crises

IMF Working Papers, March 1, 1999

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The Length and Cost of Banking Crises

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Bibliographic details

• Authors: Edward J Frydl
• Published: March 1, 1999
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451844894.001

Main findings and conclusions

• The paper reviews how recent studies of banking crises differ with regard to the dating, length, and costs of the crises.
• Significant discrepancies in dating, length, and cost measures suggest the absence of analytical consensus.
• The data permit an examination of the relation between perceived crisis length (interpreted as an index of delay in taking actions to resolve a crisis) and crisis costs.
• Cross-sectional evidence does not show that the length of a crisis is a significant contributor to its resolution cost.
• A measure of economic cost, the growth shortfall in the crisis period, shows more evidence of a link with perceived crisis length.

Subject focus and keywords

• Subject areas: Bank resolution, Banking, Banking crises, Commercial banks, Crisis resolution, Financial crises, Financial institutions.
• Keywords listed: Africa, Bank resolution, Bank Supervision, Banking crises, banking crisis, banking structure, Commercial banks, crisis cost, crisis duration, crisis length, Crisis resolution, real interest rate, resolution cost, WP.

Content in this bundle

• The Length and Cost of Banking Crisis - WP/99/30
  • The Length and Cost of Banking Crisis - WP/99/30 (Markdown version)
  • The Length and Cost of Banking Crisis - WP/99/30 (PDF)