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The Determinants of Banking Crises in Developing and Developed Countries

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Author Info
Asli Demirguc-Kunt (International Monetary Fund)
Enrica Detragiache (International Monetary Fund)

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Abstract

This paper studies the factors associated with the emergence of systemic banking crises in a large sample of developed and developing countries in 1980-94 using a multivariate logit econometric model. The results suggest that crises tend to erupt when the macroeconomic environment is weak, particularly when growth is low and inflation is high. Also, high real interest rates are clearly associated with systemic banking sector problems, and there is some evidence that vulnerability to balance of payments crises has played a role. Countries with an explicit deposit insurance scheme were particularly at risk, as were countries with weak law enforcement. Copyright 1998, International Monetary Fund

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File URL: http://www.imf.org/external/pubs/ft/staffp/1998/03-98/pdf/demirguc.pdf
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Publisher Info
Article provided by Palgrave Macmillan Journals in its journal IMF Staff Papers.

Volume (Year): 45 (1998)
Issue (Month): 1 ()
Pages: 3
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Handle: RePEc:pal:imfstp:v:45:y:1998:i:1:p:3

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Find related papers by JEL classification:
E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages

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This page was last updated on 2009-11-27.

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