کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
963655 930384 2010 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Larger crises cost more: Impact of banking sector instability on output growth
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Larger crises cost more: Impact of banking sector instability on output growth
چکیده انگلیسی

We propose a method for calculating the macroeconomic costs of banking crises that controls for the downward impact of recessions on banking activity. This method uses an event-study approach and a multiple-equation identification and estimation technique. In contrast to earlier research, we estimate the cost of crises based on the size of banking crises. The extent of a crisis is measured using banking sector aggregates. The results, based on our method and data from over 100 banking crises, suggest that it is the size of the crisis that matters for economic growth. Lower credit and money growth during crises cause GDP growth to decline.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 29, Issue 8, December 2010, Pages 1463–1481
نویسندگان
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