Accounting for the business cycle reduces the estimated losses from systemic banking crises
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DOI: 10.1007/s00181-018-1424-9
Abstract: We re-estimate the effects of systemic banking crises in industrialised countries reported by Cerra and Saxena (Am Econ Rev 98(1):439–457, 2008) with a model that includes transitory business cycle shocks. We use the correlation between… read more here.
Keywords: banking crises; business; business cycle; systemic banking ... See more keywords
Banking Crises and Market Timing: Evidence from M&As in the Banking Sector
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DOI: 10.1007/s10693-019-00318-4
Abstract: We investigate whether the gains are greater for banks that conduct mergers and acquisitions (M&As) during banking crises than during non-crisis periods. We contribute to the literature by examining 1984 M&As using global banking sample from… read more here.
Keywords: crises market; evidence banking; market timing; banking ... See more keywords
Does income inequality lead to banking crises in developing countries? Empirical evidence from cross-country panel data
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DOI: 10.1016/j.ecosys.2017.08.007
Abstract: This study empirically examines whether increasing income inequality results in banking crises using panel data for 68 countries covering the years 1973 to 2010. The results show that developing countries with high inequality tend to… read more here.
Keywords: inequality; developing countries; banking crises; income inequality ... See more keywords
Assessing the robustness of the relationship between financial reforms and banking crises
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DOI: 10.1016/j.intfin.2017.02.003
Abstract: This paper provides a novel approach for assessing the robustness of the relationship between different types of financial reforms and banking crises for the period 1973–2005. We document the following facts for emerging economies: (i)… read more here.
Keywords: assessing robustness; robustness relationship; banking crises; financial reforms ... See more keywords
Can bubble theory foresee banking crises
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DOI: 10.1016/j.jfs.2018.02.008
Abstract: We consider the effectiveness of unit root exuberance tests in predicting banking crises. Using a sample of 15 EU countries over the past three decades, our crisis dating follows the scheme of the European Systemic… read more here.
Keywords: foresee banking; theory foresee; banking crises; banking ... See more keywords
Corporate Resilience to Banking Crises: The Roles of Trust and Trade Credit
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DOI: 10.1017/s0022109018000224
Abstract: Are firms more resilient to systemic banking crises in economies with higher levels of social trust? Using firm-level data in 34 countries from 1990 through 2011, we find that liquidity-dependent firms in high-trust countries obtain… read more here.
Keywords: corporate resilience; trade credit; banking crises; trust ... See more keywords
Banking crises and human rights
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DOI: 10.2139/ssrn.2624253
Abstract: We examine the effect of banking crises on a country’s protection of basic human rights. Our results indicate that banking crises have a causal, substantive, and robust negative effect on human rights. read more here.
Keywords: banking crises; human rights; crises human;