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

IMF Working Papers, May 1, 2005

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

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Bibliographic details

• Authors: Asli Demirgüç-Kunt, Enrica Detragiache
• Published: May 1, 2005
• Series: IMF Working Papers

Summary / Overview

• 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 reviewed.
• The paper reviews studies of the economic effects of banking crises and of the policies to forestall them.
• The paper concludes by identifying directions for future research.

Methodologies Reviewed

• Signals approach
• Multivariate probability model
• Application of both methodologies to studying determinants of banking crises

Early Warning and Crisis Prediction

• Review of the use of signals and multivariate probability models to provide early warnings for crises

Economic Effects of Banking Crises and Policy Responses

• Review of studies on the economic effects of banking crises
• Review of studies on policies to forestall banking crises

Conclusions and Directions for Future Research

• The paper concludes by identifying directions for future research (specific directions are identified in the paper)

Publication and Key Statistics

• Authors: Asli Demirgüç-Kunt, Enrica Detragiache
• Date: May 1, 2005
• Series: Working Paper No. 2005/096
• Issue: 096
• Volume: 2005
• Pages: 32
• ISBN: 9781451861150
• ISSN: 1018-5941
• Stock No: WPIEA2005096
• DOI: ---

IMF Working Papers — "Cross-Country Empirical Studies of Systemic Bank Distress: A Survey" by Asli Demirgüç-Kunt and Enrica Detragiache, May 1, 2005.

Content in this bundle

• 1. Banking Crises Determinants
  • 1. Banking Crises Determinants (Markdown version)
  • 1. Banking Crises Determinants (PDF)