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Systemic Banking Crises: A New Database

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Author Info
Luc Laeven
Fabian Valencia

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Abstract

This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and resolution policies for 42 crisis episodes, and also includes data on the timing of currency crises and sovereign debt crises. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera (2005) banking crisis database, and is the most complete and detailed database on banking crises to date.

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Publisher Info
Paper provided by International Monetary Fund in its series IMF Working Papers with number 08/224.

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Length: 78 pages
Date of creation: 19 Sep 2008
Date of revision:
Handle: RePEc:imf:imfwpa:08/224

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Related research
Keywords: Financial crisis ; Banking sector ; Banking crisis ; Sovereign debt ; Databases ; Currencies ; Spillovers ; Economic recovery ; Fiscal sustainability ; Working Paper ;

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This paper has been announced in the following NEP Reports: This item is featured on the following reading lists:
  1. European Public Finance (ECON-O-403)
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Burkhard Drees & Ceyla Pazarbasioglu, 1998. "The Nordic Banking Crisis: Pitfalls in Financial Liberalization," IMF Occasional Papers 161, International Monetary Fund.
  2. Honohan, Patrick & Klingebiel, Daniela, 2000. "Controlling the fiscal costs of banking crises," Policy Research Working Paper Series 2441, The World Bank. [Downloadable!]
  3. Michael P. Dooley & Jeffrey A. Frankel, 2003. "Managing Currency Crises in Emerging Markets," NBER Books, National Bureau of Economic Research, Inc, number dool03-1.
  4. Frankel, Jeffrey A. & Rose, Andrew K., 1996. "Currency crashes in emerging markets: An empirical treatment," Journal of International Economics, Elsevier, vol. 41(3-4), pages 351-366, November. [Downloadable!] (restricted)
    Other versions:
  5. Charles Collyns & G. Russell Kincaid, 2003. "Managing Financial Crises: Recent Experience and Lessons for Latin America," IMF Occasional Papers 217, International Monetary Fund.
  6. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 2002. "Government Ownership of Banks," Journal of Finance, American Finance Association, vol. 57(1), pages 265-301, 02. [Downloadable!] (restricted)
    Other versions:
  7. Patrick Honohan & Daniela Klingebiel, 2000. "Controlling fiscal costs of banking crises," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 284-319.
  8. Luc Laeven & Fabian Valencia, 2008. "The Use of Blanket Guarantees in Banking Crises," IMF Working Papers 08/250, International Monetary Fund. [Downloadable!]
  9. Michael Andrews & Alvaro Piris Chavarri & Yuri Kawakami & Olivier Frécaut & Dong He & David S. Hoelscher & Mats Josefsson & Marina Moretti & Marc Quintyn & Michael Taylor & Fernando-Luciano Delgado, 2004. "Managing Systemic Banking Crises," IMF Occasional Papers 224, International Monetary Fund.
  10. Djankov, Simeon & McLiesh, Caralee & Shleifer, Andrei, 2007. "Private credit in 129 countries," Journal of Financial Economics, Elsevier, vol. 84(2), pages 299-329, May. [Downloadable!] (restricted)
    Other versions:
  11. Gerard Caprio, Jr. and Patrick Honohan, 2008. "Banking Crises," The Institute for International Integration Studies Discussion Paper Series iiisdp242, IIIS. [Downloadable!]
    Other versions:
  12. Fabian Valencia, 2008. "Banks' Precautionary Capital and Credit Crunches," IMF Working Papers 08/248, International Monetary Fund. [Downloadable!]
  13. Stijn Claessens & Daniela Klingebiel & Luc Laeven, 2001. "Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue?," NBER Working Papers 8386, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Ronald U. Mendoza & Ryan Jones & Gabriel Vergara, 2009. "Will the global financial crisis lead to lower foreign aid? A first look at United States ODA," Fordham Economics Discussion Paper Series dp2009-01, Fordham University, Department of Economics. [Downloadable!]
  2. Luisa Carpinelli, 2009. "Real effects of banking crises: a survey of the literature," Questioni di Economia e Finanza (Occasional Papers) 55, Bank of Italy, Economic Research Department. [Downloadable!]
  3. Luc Laeven & Fabian Valencia, 2008. "The Use of Blanket Guarantees in Banking Crises," IMF Working Papers 08/250, International Monetary Fund. [Downloadable!]
  4. Honohan, Patrick, 2009. "Resolving Ireland’s Banking Crisis," The Economic and Social Review, Economic and Social Studies, vol. 40(2), pages 207–231. [Downloadable!]
  5. Killion, M. Ulric, 2009. "Post-Subprime Crisis: China Banking and GATS Liberalization," MPRA Paper 13091, University Library of Munich, Germany. [Downloadable!]
  6. Agoraki, Maria-Eleni & Delis, Manthos D & Pasiouras, Fotios, 2009. "Regulations, competition and bank risk-taking in transition countries," MPRA Paper 16495, University Library of Munich, Germany. [Downloadable!]
  7. Gianni De Nicoló & John H. Boyd & Elena Loukoianova, 2009. "Banking Crises and Crisis Dating: Theory and Evidence," IMF Working Papers 09/141, International Monetary Fund. [Downloadable!]
  8. Claudio Borio & Mathias Drehmann, 2009. "Assessing the risk of banking crises - revisited," BIS Quarterly Review, Bank for International Settlements, March. [Downloadable!]
  9. Nannette Lindenberg & Frank Westermann, 2009. "How Strong is the Case for Dollarization in Costa Rica? A Note on the Business Cycle Comovements with the United States," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  10. Gurnain Kaur Pasricha, 2009. "Bank Competition and International Financial Integration:Evidence Using a New Index," Working Papers 242009, Hong Kong Institute for Monetary Research. [Downloadable!]
    Other versions:
  11. Fabian Valencia, 2008. "Banks' Precautionary Capital and Credit Crunches," IMF Working Papers 08/248, International Monetary Fund. [Downloadable!]
  12. Melecky, Martin, 2009. "The Effect of Institutions, Geography, Development Assistance and Debt Crises on Public-Debt Management," MPRA Paper 16332, University Library of Munich, Germany. [Downloadable!]
  13. Carlos Mulas-Granados & Emanuele Baldacci & Sanjeev Gupta, 2009. "How Effective is Fiscal Policy Response in Systemic Banking Crises?," IMF Working Papers 09/160, International Monetary Fund. [Downloadable!]
  14. Naude, Wim, 2009. "The Financial Crisis of 2008 and the Developing Countries," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  15. Aliona Cebotari, 2008. "Contingent Liabilities: Issues and Practice," IMF Working Papers 08/245, International Monetary Fund. [Downloadable!]
  16. Blanchard, Olivier J & Cottarelli, Carlo & Spilimbergo, Antonio & Symansky, Steven, 2009. "Fiscal Policy for the Crisis," CEPR Discussion Papers 7130, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
    • Antonio Spilimbergo & Steve Symansky & Olivier Blanchard & Carlo Cottarelli, 2009. "Fiscal Policy For The Crisis," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 10(2), pages 26-32, 07. [Downloadable!]
  17. Nada Oulidi & Alain Ize, 2009. "Why Do Central Banks Go Weak?," IMF Working Papers 09/13, International Monetary Fund. [Downloadable!]
  18. Masami Imai & Seitaro Takarabe, 2009. "Transmission of Liquidity Shock to Bank Credit: Evidence from the Deposit Insurance Reform in Japan," Wesleyan Economics Working Papers 2009-001, Wesleyan University, Department of Economics. [Downloadable!]
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