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IMF Staff papers, Volume 46 No. 3
Author:
International Monetary Fund. Research Dept.
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Series:
IMF Staff Papers
Volume/Issue:
Volume 1999: Issue 001
Language:
English
Publication Date:
01 Jan 1999
DOI:
https://doi.org/10.5089/9781451973686.024
ISBN:
9781451973686
ISSN:
1020-7635
Pages:
104
Keywords:
SP; central bank; Uzbekistan; inflation target; income elasticity; exchange rate volatility; export demand equation; Uzbek growth puzzle; financing requirement; Uzbek experience; Exchange rates; Inflation targeting; Inflation; Commercial banks; Exports; Baltics; Western Europe; East Asia; Africa
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This paper examines determinants and leading indicators of banking crises. The paper examines episodes of banking system distress and crisis in a large sample of countries to identify which macroeconomic and financial variables can be useful leading indicators. The best warning signs of the recent Asian crises were proxies for the vulnerability of the banking and corporate sector. Full-blown banking crises are shown to be associated more with external developments, and domestic variables are the main leading indicators of severe but contained banking distress.
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Cover IMF Staff Papers
IMF Staff Papers
ISSN:
1020-7635
Publisher:
International Monetary Fund