Systemic Banking Crises Revisited

September 14, 2018

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Luc Laeven, and Fabian Valencia. Systemic Banking Crises Revisited, (USA: International Monetary Fund, 2018) accessed December 3, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide or follow banking crises.

Subject: Bank resolution, Banking, Banking crises, Financial crises, Global financial crisis of 2008-2009, Systemic crises

Keywords: Bank resolution, Bank restructuring, Banking crises, Banking crises date, Banking crises duration, Banking crises episode, Banking crisis, Country, Crisis, Crisis duration, Crisis resolution, Debt crisis pair, Financial crisis, Global, Global financial crisis of 2008-2009, Systemic crises, WP

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2018/206
Stock No:

WPIEA2018206
ISBN:

9781484376379
ISSN:

1018-5941

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