banking crises, logit, current account, banking regulation

Publication date: 15 Sep 2010 | Publication type: NIESR Discussion Paper | Authors: Barrell, R, Davis, P, Liadze, I | External authors: Karim, D | JEL classification: C52, E58, G21 | NIESR discussion paper number: 363
We assess whether the subprime crisis was in some way unique or unprecedented by testing for an impact of a set of determinants on the probability of banking crises in OECD countries since 1980. The hypothesis of an exogenous probability of a crisis is not considered in the literature, and we also...