unbalanced panel of 159 countries from 1970 to 2006, the paper shows that banking crises produce significant output losses, both … in the short and in the medium term. The effect depends on structural and policy variables. Output losses are larger for …. Among banking intervention policies, liquidity support resulted to be the one associated with lower output losses. …

Avoiding the broader output losses to their economy is likely to be the key reason why governments avoid debt crises …. Despite this, there has been little work that seeks to quantify output losses associated with such crises. This paper seeks to … large output losses (of at least 5% per year). Sovereign crises rarely occur in isolation - more often than not they are …

crisis. Design/methodology/approach – We test the impact of stock market capitalization, liquidity and turnover on the output … losses of 76 banking crises in 66 countries over the period of 1975-2008. Findings – Our results indicate that stock markets …

output losses during sudden stop crises. Extending the baseline model to account for policies - contractionary as well as … expansionary - we measure the marginal effects of policy on output losses. Simple descriptive statistics indicate no apparent … worsens output losses. …

output losses during sudden stop crises. Extending the baseline model to account for policies-- contractionary as well as … expansionary-- we measure the marginal effects of policy on output losses. Simple descriptive statistics indicate no apparent … worsens output losses. …

losses. Output losses are larger for relatively richer economies, characterized by a higher level of financial deepening and …. Using an unbalanced panel of 159 countries from 1970 to 2006, the paper shows that banking crises produce significant output …