Add to ORKGWe propose a method for calculating the macroeconomic costs of banking crises that controls for the downward impact of recessions on banking activity. In contrast to earlier research, we estimate the cost of crises based on the size of banking crises. The extent of a crisis is measured using banking sector aggregates. The results, based on our method and data from over 100 banking crises, suggest that the size of a crisis matters for economic growth. Lower credit, deposit and money growth during crises cause GDP growth to decline
The paper employs a recently developed procedure, based on a bivariate Markov switching model, to an...
This paper analyses the effects of bank lending on GDP and employment. Following losses on internati...
The paper employs a recently developed procedure, based on a bivariate Markov switching model, to an...
We propose a method for calculating the macroeconomic costs of banking crises that controls for the ...
We propose a method for calculating the macroeconomic costs of banking crises that controls for the ...
We propose a method for calculating the macroeconomic costs of banking crises that controls for the ...
We study the output costs of 40 systemic banking crises since 1980. Most, but not all, crises in our...
We examine the relationship of banking crises with economic growth and recessions. Our data cover 2...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine the relationship of banking crises with economic growth and recessions. Our data cover 2...
The paper employs a recently developed procedure, based on a bivariate Markov switching model, to an...
The paper employs a recently developed procedure, based on a bivariate Markov switching model, to an...
This paper analyses the effects of bank lending on GDP and employment. Following losses on internati...
The paper employs a recently developed procedure, based on a bivariate Markov switching model, to an...
We propose a method for calculating the macroeconomic costs of banking crises that controls for the ...
We propose a method for calculating the macroeconomic costs of banking crises that controls for the ...
We propose a method for calculating the macroeconomic costs of banking crises that controls for the ...
We study the output costs of 40 systemic banking crises since 1980. Most, but not all, crises in our...
We examine the relationship of banking crises with economic growth and recessions. Our data cover 2...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine which variables are robust in explaining cross-country differences in the real costs of b...
We examine the relationship of banking crises with economic growth and recessions. Our data cover 2...
The paper employs a recently developed procedure, based on a bivariate Markov switching model, to an...
The paper employs a recently developed procedure, based on a bivariate Markov switching model, to an...
This paper analyses the effects of bank lending on GDP and employment. Following losses on internati...
The paper employs a recently developed procedure, based on a bivariate Markov switching model, to an...