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Cross-Country Empirical Studies of Systemic Bank Distress: A Survey
Author:
Asli Demirgüç-Kunt null

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Ms. Enrica Detragiache
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Series:
IMF Working Papers
Volume/Issue:
Volume 2005: Issue 096
Language:
English
Publication Date:
01 May 2005
DOI:
https://doi.org/10.5089/9781451861150.001
ISBN:
9781451861150
ISSN:
1018-5941
Pages:
32
Keywords:
WP; banking crisis; bank fragility; crisis episode; crisis probability; crisis duration; currency crisis; tequila crisis
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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A rapidly growing empirical literature is studying the causes and consequences of bank fragility in present-day economies. The paper reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their application to studying the determinants of banking crises. The use of these models to provide early warnings for crises is also reviewed, as are studies of the economic effects of banking crises and of the policies to forestall them. The paper concludes by identifying directions for future research.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund