Borgy, Vladimir; Clerc, Laurent; Renne, Jean-Paul - In: Journal of Banking & Finance 46 (2014) C, pp. 132-150
We investigate the extent to which it is possible to detect asset-price booms and banking crises according to alternative identification strategies and we assess their robustness. We find some evidence that house price-booms are more likely to turn into costly recession or to trigger a banking...