What is really common in the run-up to banking crises?

Saktinil Roy; David M. Kemme

doi:10.1016/j.econlet.2011.07.007

What is really common in the run-up to banking crises?

Saktinil Roy, David M. Kemme

University of Memphis

Research output: Contribution to journal › Journal Article › peer-review

9 Citations (Scopus)

Abstract

Arguing that crises are similar if they are predictable from historical experience, we employ panel logit models to examine similarities in the run-ups to the current global financial crisis and historical banking crises. Asset bubbles are the most common precursors.

Original language	English
Pages (from-to)	211-214
Number of pages	4
Journal	Economics Letters
Volume	113
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2011.07.007
Publication status	Published - Dec. 2011

Keywords

Asset bubbles
Banking crises
Prediction
Similarities

Access to Document

10.1016/j.econlet.2011.07.007

Cite this

@article{f10164774130486b8f6727074ac7700f,

title = "What is really common in the run-up to banking crises?",

abstract = "Arguing that crises are similar if they are predictable from historical experience, we employ panel logit models to examine similarities in the run-ups to the current global financial crisis and historical banking crises. Asset bubbles are the most common precursors.",

keywords = "Asset bubbles, Banking crises, Prediction, Similarities",

author = "Saktinil Roy and Kemme, {David M.}",

note = "Funding Information: We would like to thank an anonymous referee for helpful comments. The usual disclaimer applies. Financial support from the Research Centre of Athabasca University is gratefully acknowledged. ",

year = "2011",

month = dec,

doi = "10.1016/j.econlet.2011.07.007",

language = "English",

volume = "113",