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Banking Crises’ Triggering Factors – Lessons from Past Experience

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  • Iustina Alina BOITAN
  • Nicolae DARDAC

Abstract

Maintaining robustness and stability of a financial system, independent of the degree of development of a specific country, has always constituted a matter of concern for decision makers. At present, this concern has transcended national borders, as financial markets have become increasingly integrated and any adverse shock affecting one country’s financial system could have potential spillover effects to others. In this paper we propose a theoretical analysis of the triggers of the current global financial turmoil, in order to ascertain if there is a recurrent pattern with the past crisis episodes. To achieve this goal, we have first summarized the characteristics and root causes of past crisis episodes, with emphasis on banking crises. The last part of the paper explores the extent to which the current financial crisis is connected with the past crisis episodes.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

Volume (Year): (2010)
Issue (Month): 3 ()
Pages: 3-33

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Handle: RePEc:bas:econst:y:2010:i:3:p:3-33

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  1. Asli Demirgüç-Kunt & Enrica Detragiache, 1998. "The Determinants of Banking Crises in Developing and Developed Countries," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 81-109, March.
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  11. Ramon Moreno, 2006. "The changing nature of risks facing banks," BIS Papers chapters, in: Bank for International Settlements (ed.), The banking system in emerging economies: how much progress has been made?, volume 28, pages 67-98 Bank for International Settlements.
  12. Diamond, Douglas W & Dybvig, Philip H, 1983. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 401-19, June.
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  14. Olivier BROSSARD (LEREPS-GRES ) & Frédéric DUCROZET (PSE - Crédit Agricole) & Adrian ROCHE (EconomiX - Crédit Agricole), 2007. "An Early Warning Model for EU banks with Detection of the Adverse Selection Effect," Cahiers du GRES 2007-08, Groupement de Recherches Economiques et Sociales.
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  16. Philip Turner, 2006. "The banking system in emerging economies: how much progress has been made?," BIS Papers chapters, in: Bank for International Settlements (ed.), The banking system in emerging economies: how much progress has been made?, volume 28, pages 1-9 Bank for International Settlements.
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