Aizenman, Joshua; Noy, Ilan - School of Economics and Finance, Victoria Business School - 2012
past banking crises on the probability of a future banking crisis. Applying data for 1980-2010 for all countries for which … the required information is available, controlling for conventional macro variables and the history of banking crises … occurring after 1970, we do not detect a learning process from past banking crises. Countries that have already experienced one …