Cross-Country Empirical Studies of Systemic Bank Distress: A Survey
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
A rapidly growing empirical literature is studying the causes and consequences of bank fragility in present-day economies. The paper reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their application to studying the determinants of banking crises. The use of these models to provide early warnings for crises is also reviewed, as are studies of the economic effects of banking crises and of the policies to forestall them. The paper concludes by identifying directions for future research.
Series:
Working Paper No. 2005/096
Subject:
Banking Banking crises Commercial banks Deposit insurance Financial crises
English
Publication Date:
May 1, 2005
ISBN/ISSN:
9781451861150/1018-5941
Stock No:
WPIEA2005096
Pages:
32
Please address any questions about this title to publications@imf.org