1.

Record Nr.

UNINA9910974030703321

Autore

Valencia Fabian

Titolo

Systemic Banking Crises Database : : An Update / / Fabian Valencia, Luc Laeven

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2012

ISBN

9781475596960

1475596960

9781475544480

1475544480

Edizione

[1st ed.]

Descrizione fisica

1 online resource (34 p.)

Collana

IMF Working Papers

Altri autori (Persone)

LaevenLuc

Disciplina

332.1

Soggetti

Financial crises

Bank failures

Liquidity (Economics)

Credit

Off balance sheet financing

Capital movements

Banking crises

Banking

Banks and Banking

Banks and banking

Banks

Currency crises

Depository Institutions

Economic & financial crises & disasters

Financial Crises

Financial Institutions and Services: General

Financial Risk Management

Foreign Exchange

Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

Macroeconomics

Micro Finance Institutions

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Mortgages

Systemic crises

Ireland



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Abstract; Contents; I. Introduction; II. Banking Crises Episodes; A. Ongoing Banking Crises; Tables; 1. Systemic Banking Crises, 2007-2011; Figures; 1. Frequency of Starting Month of Banking Crises; 2. Frequency of Systemic Banking Crises Around the World, 1970-2011; B. Banking Crisis Cycles; 3. Banking Crises Cycles; III. Currency and Sovereign Debt Crisis; A. Occurrence of Twin and Triplet Crises; B. Sequencing of Financial Crises; 4. Simultaneous Crises; IV. Policy Responses and Outcomes in Banking Crises; A. Policy Response

5. Timing of Currency and Sovereign Debt Crises Relative to Banking Crises6. Differences in the Mix of Crisis Policies; B. Outcomes; 7. Output Losses for Selected Crises Episodes; 2. Banking Crises Outcomes, 1970-2011; 8. Costliest Banking Crises Since 1970; 9. Fiscal Costs Relative to GDP and Financial System Assets; 3. Comparison of Market and Accounting Values of Bank Equity, end-2010; 4. Crises Outcomes and Resolution in the Euro Area and the United States; V. Conclusions; Appendix Tables; A1. Banking Crises Dates and Costs, 1970-2011

A2. Direct Fiscal Outlays, Recoveries to Date, and Asset Guarantees, 2007-2011A3. Systemic Banking Crises Policy Responses, 2007-2011; References

Sommario/riassunto

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.