Systemic Banking Crises: A New Database
By Fabián Valencia, Luc Laeven. Social Science Research Network, 2008
1,575 citations recorded by the source corpus.
This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and resolution policies for 42 crisis episodes, and also includes data on the timing of currency crises and sovereign debt crises. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera (2005) banking crisis database, and is the most complete and detailed database on banking crises to date.
Subfields: Finance
View Paper: https://www.semanticscholar.org/paper/b0d18021c773701ce942c3b2bce27a4c021a8cbd
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In Finance
- F. González
- Jakob de Haan
- J. Klomp
- Luc Laeven
- Stijn Claessens
- Fotios Pasiouras
- C. Borio
- Asli Demirgüç-Kunt
Citations in the corpus
- BANKING ON THE STATE (2009, result): “This pattern is replicated in studies of recent 10 Laeven and Valencia (2009).”
- The Real Effects of Banking Crises: Finance or Asset Allocation Effects? Some International Evidence (2010, methodology): “The regression specifications when we use firm-level data are: 2 Laeven and Valencia (2008) define a banking crisis as systemic when the country’s corporate and financial sectors experience a large number of defaults and financial…”
- How Costly are Debt Crises? (2011, methodology): “DATA To identify debt crisis episodes the paper relies on several datasets (Table 1): The first dataset is the one constructed by Laeven and Valencia (2008) who list the starting date of debt crisis episodes as a compilation of years of sovereign defaults to private lending (creditors) and years…”
- Bank Behavior in Response to Basel III: A Cross-Country Analysis (2011, background): “This decline is associated with capital losses on security 13 This study extends the work of Caprio, Klingebiel, Laeven, and Noguera (2005), Laeven and Valencia (2008), and Reinhart and Rogoff (2009).”
- Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons (2011, neutral): “…systemic financial crises as events during which a country’s banking sector experiences bank runs, sharp increases in default rates accompanied by large losses of capital that result in public intervention, bankruptcy, or the forced merger of major financial institutions (Laeven and Valencia 2008).”
- Resolving Ireland’s Banking Crisis (2009, positive): “The financial instruments used should give 18 Laeven and Valenciana (2008) provide data on the duration of fourteen such guarantees.”
- Who Needs Credit and Who Gets Credit in Eastern Europe? (2011, neutral): “9 See http://www.ebrd.com/country/sector/econo/surveys/beeps.htm for a full description of the BEEPS surveys including survey methodology and questionnaires.”
- Regulations, competition and bank risk-taking in transition countries (2008, background): “For details on these crises, see Laeven and Valencia (2008) .”
- The Great Mortgaging: Housing Finance, Crises, and Business Cycles (2014, positive): “The Laeven and Valencia (2008, 2012) dataset of systemic banking crises is the main source for post-1970 crisis events.4 Section A in the appendix provides the country-specific dates 4Following the definition of Laeven and Valencia (2012), a financial crisis is characterized as a situation in which…”