The Real Effect of Banking Crises

By Giovanni Dell'Ariccia, E. Detragiache, Raghu Rajan. 2005

802 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/60d461b867645c8c9eb658d5032fc36a8b32126c

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Citations in the corpus

On the Dynamics and Severity of Bank Runs: An Experimental Study (2009, positive): “This view has been modeled by Diamond and Dybvig (1983) as one of multiple equilibria, in which, if depositors believe that other depositors will run, then it is optimal for them to do so, as otherwise, no funds will be left for them at the bank.”
Poverty Reduction and Growth: Virtuous and Vicious Circles (2006, background): “Durlauf (1996), Bénabou (1994), Manski (2000), Akerlof and Kranton (2002), and sources in Bowles, Durlauf, and Hoff (2004) show how these mechanisms can generate low human capital formation and poverty traps.”
Bank Financing for SMEs – Lessons from the Literature (2013, positive): “…during banking crises, industries that depend more on external finance are hurt disproportionately more, an effect that is stronger in countries with better developed financial systems (Dell’Ariccia, Detragiache, and Rajan, 2008: Braun and Larrain, 2005; Kroszner, Laeven, and Klingebiel, 2007).”
The Use of Blanket Guarantees in Banking Crises (2008, background): “Dell’Ariccia, Detragiache, and Rajan (2005) find evidence suggesting that sectors more dependent on external finance perform relatively worse during banking crises.”
Capital account liberalization, financial development and industry growth: a synthetic view (2011, neutral): “Like Kroszner et al. (2007) and Dell'Ariccia et al. (2008), we find that banking and, in the case of our results, currency crises are particularly costly for more financially dependent industries.”
Financial openness, risk and bank efficiency: Cross-country evidence (2016, methodology): “Kroszner et al. (2007), Dell'Ariccia et al. (2008), Cubillas et al. (2012), and Fernández et al. (2013) have also used this definition to capture the effect of the crises.”
Financing constraints and unemployment: Evidence from the Great Recession (2015, neutral): “…and Hubbard (1988), Hoshi et al. (1991), Whited (1992), Kashyap et al. (1994), Duchin et al. (2010), Sharpe (1994), Nickell and Nicolitsas (1999), Gozzi and Goetz (2010), Benmelech et al. (2011), Basci et al. (2011), Braun and Larrain (2005), Kroszner et al. (2007), Dell’Ariccia et al. (2008).”