Jing, Zhongbo; de Haan, Jakob; Jacobs, Jan; Yang, Haizhen - In: Journal of Macroeconomics 43 (2015) C, pp. 1-20
We construct a money market pressure index based on central bank reserves and the short-term nominal interest rate to identify banking crises, thereby extending the index proposed by Von Hagen and Ho (2007), also in terms of the number of countries covered. We compare the crises identified by...