Boyd, John H.; De Nicolò, Gianni; Loukoianova, Elena - 2010
-based measures of systemic bank shocks (SBS). These measures differ from "banking crisis" (BC) indicators employed in many empirical …) and on "banking crisis" (BC) indicators. We find that the impact of these variables on the likelihood of a policy response …We formulate a simple theoretical model of a banking industry that we use to identify and construct theory …