What is really common in the run-up to banking crises?

What is really common in the run-up to banking crises?

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. ► We examine similarities of the...

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Veröffentlicht in:Economics letters 2011-12, Vol.113 (3), p.211-214
Hauptverfasser: Roy, Saktinil, Kemme, David M.
Format: Artikel
Sprache:eng
Schlagworte:
Asset bubbles
Assets
Banking
Banking crises
Banks
Economic crisis
Economic models
Financial crisis
Forecasts
Historical analysis
Prediction
Similarities
Studies
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Zusammenfassung: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. ► We examine similarities of the current global crisis and historical banking crises. ► Panel logit models are employed. ► The finding is that asset bubbles are the most common precursors.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2011.07.007