Systemic Banking Crises Database: An Update
June 1, 2012
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
We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.
Subject: Banking, Banking crises, Currency crises, Financial crises, Systemic crises
Keywords: banking crisis, banking system, cost, crisis, economy, WP
Pages:
33
Volume:
2012
DOI:
Issue:
163
Series:
Working Paper No. 2012/163
Stock No:
WPIEA2012163
ISBN:
9781475505054
ISSN:
1018-5941
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