Financial Crises in Emerging Markets: Banking and Currency Crises: How Common Are Twins?

By Reuven Glick, Michael M. Hutchison. 2000

411 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ab2440731c9b6b7a61980bd5db1b0f5b478c9b2c

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Citations in the corpus

Structural Vulnerabilities and Currency Crises (2003, positive): “Our list of crises is taken from Glick and Hutchison (1999), except that, for the bulk of our analysis, we focus on “deep” currency crises—that is, those in which there was an appreciable decline in real GDP growth.4 In addition to the usual macroeconomic suspects, we consider four broad categories…”
A New Measure of Financial Openness (2008, neutral): “…capital account restrictions) or its combination with the second category (on current account restrictions) has been often used as a dummy variable for the presence of restrictions on capital account transactions (see Grilli and Milesi-Ferretti 1995, Glick and Hutchison 2001, among many others).”
Growth slowdowns and the middle-income trap (2013, positive): “This is consistent with the “twin crises” literature emphasizing that banking crises and sudden stops are often joined at the hip (Kaminsky and Reinhart, 1999; Glick and Hutchison, 2001).”
MEASURING POTENTIAL VULNERABILITIES IN EMERGING MARKET ECONOMIES (2000, neutral): “Many subsequent studies, even as recent as Caramazza et al (2000), Edison (2000), Glick and Hutchison (2000) and IMF (2000), omit interest rates either because the data are hard to find or because they cover periods where interest rates were controlled rather than market-determined.”
Financial Globalization: A Reappraisal (2009, positive): “Glick and Hutchison (2001) explore the relationships between these two types of crises—one of their conclusions is that banking crises are a good indicator of future currency crises, while the reverse is not necessarily true.”
Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma (2010, positive): “For countries without the necessary data to compute the EMP index, the currency crisis classifications in Glick and Hutchison (2001) and Kaminsky and Reinhart are used.”
Strategic Complementarities and the Twin Crises (2005, neutral): “This finding is the main conclusion of the study by Glick and Hutchison (2002) and it is also supported by Eichengreen and Bordo (2002) and Bordo et al. (2001).”
A Cross-Country Empirical Analysis of International Reserves (2009, neutral): “For countries without data to compute the EMP index, the currency crisis classifications in Glick and Hutchison (2001) and Kaminsky and Reinhart (1999) are used.”
Capital Controls and Exchange Rate Instability in Developing Economies (2005, positive): “The ‘‘twin crisis’’ phenomenon suggests that a domestic banking crisis could make a speculative attack on the currency more likely (Kaminsky and Reinhart, 1999; Glick and Hutchison, 2001).”