Babecký, Jan; Havránek, Tomáš; Matějů, Jakub; … - European Central Bank - 2012
–2010. First, we examine stylized facts of banking, debt, and currency crises. Banking turmoil was most frequent in developed …, accounting for model uncertainty by means of Bayesian model averaging. Our results suggest that onsets of banking and currency … crises tend to be preceded by booms in economic activity. In particular, we find that growth of domestic private credit …