Systemic Banking Crises Database: An Update

By Luc Laeven, Fabián Valencia. Social Science Research Network, 2012

1,242 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/0afa75ad56cc8ca3cfa176f89443e9a70e09434c

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Citations in the corpus

Asset Price Bubbles and Systemic Risk (2019, neutral): “Source: OECD.”
Does the financial crisis change the effect of financing on investment? Evidence from private SMEs (2020, neutral): “Laeven and Valencia (2012) state that the global financial crisis started in 2008 in most European countries, whereas the inception of the crisis was in 2007 for the USA and the UK.”
Do Debt Service Costs Affect Macroeconomic and Financial Stability (2012, neutral): “5 Throughout the paper, crisis dates are based on Laeven and Valencia (2012).”
Labour Reallocation and Productivity Dynamics: Financial Causes, Real Consequences (2016, neutral): “These data are all drawn from the OECD Economic Outlook database, except the data on financial crises, which are drawn from Laeven and Valencia (2012).”
Non-Linear Exchange Rate Pass-Through in Emerging Markets (2016, methodology): “Being aware that high depreciation periods might coincide with sovereign or debt crises, we augment our baseline model with the crises variables provided by Laeven and Valencia (2012). Moreover, following Leduc and Wilson (2012), we introduce in the regression country fixed effects, that should cont”
Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts (2020, neutral): “…the Peace Research Institute Oslo Armed Conflict Dataset, coups from Powell and Thyne (2011), natural disasters from the International Disaster Database, financial crises from Laeven and Valencia (2012), and petroleum rents and financial sector development from World Development Indicators (WDI).”
The Effect of the Global Financial Crisis on OECD Potential Output (2015, neutral): “Among the 19 countries which are identified by Laeven and Valencia (2012) as having experienced a banking crisis over the period 2007-11 (Austria, Belgium, Denmark, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Portugal, Slovenia, Spain, Sweden, Switzerland,…”
Macroprudential policy and bank risk (2018, methodology): “…and the natural rate) and the growth rate of nominal GDP (GDP).6 We also include time invariant bank fixed effects ( i ) and a dummy variable ( ,k t ) that takes the value of 1 in those specific years in which countries experienced a banking crisis and zero elsewhere (Valencia and Laeven, 2012).”
Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs (2014, background): “Table 5: Country means for indicators of credit constraints Credit-rationed Cost too high AT 1.8% 0.9% BE 3.1% 0.4% DE 3.9% 0.5% ES 12.3% 1.6% FI 0.7% 0.0% FR 7.7% 0.6% GR 12.4% 0.7% IE 12.5% 0.8% IT 8.4% 1.1% NL 3.2% 0.6% PT 7.1% 0.6% Source: Authors calculations using ECB data Note: Statistics cal”