Financial crises are linked to large output declines, but the potential links between different types of crises remains unclear. To enhance understanding we study the interdependencies between domestic banking crises, on one hand, and external financial crises, including currency and sudden stop crises, on the other in a quarterly global panel. We further ask how the different crises relate to ...

The abruptness and virulence of the 1997 Asian crises have led many to claim that these crises are of a new breed and thus they were unforecastable. This paper examines 102 financial crises in 20 countries and concludes that the Asian crises are not of a new variety. Overall, the 1997 Asian crises, as well as previous crises in other regions, occur when the economies are in distress, making the...

The history of blood pressure (BP) waveform analysis is almost as undulatory as the waveform itself. The development of the sphygmograph in the mid-19th century led to a relatively brief, albeit intense, interest in the interpretation of the BP waveform. This was perhaps more an art than a science, and interest in the sphygmograph and the waveform declined after the introduction of the cuff-bas...

This article contrasts the experiences of United States and Kingdom during after Great Recession to understand role financial shocks in magnitude crises length recoveries. It starts from common consensus that first foremost was a crisis.

BACKGROUND Sickle cell disease is an inherited disorder of hemoglobin, resulting in abnormal red blood cells. These are rigid and may block blood vessels leading to acute painful crises and other complications. Recent research has focused on therapies to rehydrate the sickled cells by reducing the loss of water and ions from them. Little is known about the effectiveness and safety of such drugs...

The economic literature emphasised the role of strategic complementarities in generating banking crises and currency crises. Motivated by evidence from recent financial crises, we study a model, where strategic complementarities exist, not only within a group of creditors or within a group of currency speculators, but also between the two groups. The additional type of complementarities generat...

PBE Type i: Neither default nor political crisis If V ≤ χL, the costs of default are always larger than the costs of servicing the debt even for the benevolent government. Then in equilibrium, the government proposes to service the debt, which is accepted by the representative agent. Hence the debt is repaid and political crisis is avoided. Neither the benevolent government nor the self interes...

a r t i c l e i n f o This study aims to identify which factors explain why some countries enjoy long durations of stability, while others experience crises in shorter intervals. We analyze the duration of stability periods between currency, debt, and banking crises by employing an innovative econometric strategy, the Finite Mixture Model (FMM). Real and financial variables show high predictive...