Przeglądaj Applied Econometrics Papers według tematu "banking crises"
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Banking crises and nonlinear linkages between credit and output
(2008-03)The paper employs a recently developed procedure, based on a bivariate Markov switching model, to analyze the asymmetric causality linkages between credit growth and output growth during banking crises. Using a sample ... -
Larger crises cost more: impact of banking sector instability on output growth
(2008-03-25)We propose a method for calculating the macroeconomic costs of banking crises that controls for the downward impact of recessions on banking activity. In contrast to earlier research, we estimate the cost of crises based ...
