| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060710 | Economics Letters | 2011 | 4 Pages |
Abstract
Arguing that crises are similar if they are predictable from historical experience, we employ panel logit models to examine similarities in the run-ups to the current global financial crisis and historical banking crises. Asset bubbles are the most common precursors.
⺠We examine similarities of the current global crisis and historical banking crises. ⺠Panel logit models are employed. ⺠The finding is that asset bubbles are the most common precursors.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Saktinil Roy, David M. Kemme,