Financial Liberalization and Banking Crises: A Cross-Country Analysis*
نویسندگان
چکیده
منابع مشابه
Financial liberalization, prudential supervision, and the onset of banking crises
We examine what is perceived as one of the main culprits in the occurrence of banking crises: financial liberalization. As is typically argued, if liberalization is accompanied by insufficient prudential supervision of the banking sector, it will result in excessive risk taking by financial intermediaries and a subsequent crisis. Having evaluated the empirical validity of this hypothesis, we co...
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Using a new country-level panel database, we explore effect of capital inflow surges, credit booms and financial fragility on the probability of banking crises. We find that booms increase the probability of a crisis only in relatively fragile financial systems. © 2015 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/lice...
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Recent studies have conjectured that there may be a link between financial liberalization and financial instability in emerging economies. Most of these studies, however, do not investigate whether emerging economies are becoming structurally more vulnerable to currency and banking crises. In this paper, we argue that emerging economies are systematically becoming more susceptible to both curre...
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ژورنال
عنوان ژورنال: International Review of Finance
سال: 2010
ISSN: 1369-412X,1468-2443
DOI: 10.1111/j.1468-2443.2010.01114.x