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Banking and currency crises; how common are twins?

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  • Reuven Glick
  • Michael Hutchison

Abstract

The coincidence of banking and currency crises associated with the Asian financial crisis has drawn renewed attention to causal and common factors linking the two phenomena. In this paper, we analyze the incidence and underlying causes of banking and currency crises in 90 industrial and developing countries over the 1975-97 period. We measure the individual and joint ("twin") occurrence of bank and currency crises and assess the extent to which each type of crisis provides information about the likelihoood of the other.

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Bibliographic Info

Article provided by Federal Reserve Bank of San Francisco in its journal Proceedings.

Volume (Year): (1999)
Issue (Month): Sep ()
Pages:

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Handle: RePEc:fip:fedfpr:y:1999:i:sep:x:2

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Keywords: Financial crises ; Bank failures ; Money;

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