کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5056540 1371642 2014 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
How to foresee banking crises? A survey of the empirical literature
ترجمه فارسی عنوان
چگونه بحران بانکی را پیش بینی کنیم؟ یک بررسی از ادبیات تجربی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


- An increasing amount of empirical research on the early warning signs of banking crises has been published.
- A typical contribution explains the occurrence of crises with macrofinancial panel data.
- Rapid credit growth, a current account deficit and a housing boom are typically observed during the build-up period.

A survey of the empirical literature on early warning indicators of banking crises is presented. Descriptive analyses have been published for decades, but cross-national panel data analyses have only been performed since the late 1990s. More recently, the severity of the subprime-Lehman crisis has been compared across countries. Most findings corroborate the view that during a typical build-up phase, banks borrow internationally to finance domestic lending, boosting the current account deficit and causing a real estate bubble. Increasing debt and imbalances lead to a crisis. Both developing and developed countries have experienced these kinds of boom-bust cycles.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Systems - Volume 38, Issue 3, September 2014, Pages 289-308
نویسندگان
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