What is really common in the run-up to banking crises?

Arguing that crises are similar if they are predictable from historical experience, we employ panel logit models to examine similarities in the run-ups to the current global financial crisis and historical banking crises. Asset bubbles are the most common precursors.

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Year of publication:	2011
Authors:	Roy, Saktinil ; Kemme, David M.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 3, p. 211-214
Publisher:	Elsevier
Subject:	Banking crises \| Similarities \| Prediction \| Asset bubbles

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Type of publication:	Article
Classification:	E32 - Business Fluctuations; Cycles ; E37 - Forecasting and Simulation ; C22 - Time-Series Models ; C23 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010572198