IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/118612.html
   My bibliography  Save this paper

A Comparative Essay on the Causes of Recent Financial Crises

Author

Listed:
  • Selim, Tarek

Abstract

Causes of recent financial crisis are explored. The study points out different reasons for the financial crisis which have plagued different countries and takes a country by country analysis as the main approach. The essay includes aspects of short-term volatility, macroeconomic fundamentals, policy misalignments, banking performance, exchange rate management, and contagion. A comparative summary concludes the analysis. Countries studied include Mexico (1994), Thailand (1997), Korea (1997), Indonesia (1998), Malaysia (1998), Russia (1999), Brazil (1999), Turkey (2000), and Argentina (2001).

Suggested Citation

  • Selim, Tarek, 2005. "A Comparative Essay on the Causes of Recent Financial Crises," MPRA Paper 118612, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118612
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/118612/1/MPRA_paper_118612.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Caprio Jr., Gerard, 1998. "Banking on crises : expensive lessons from recent financial crises," Policy Research Working Paper Series 1979, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee J. Alston & Andres Gallo, 2000. "Evolution and Revolution in the Argentine Banking System under Convertibility: The Roles of Crises and Path Dependence," NBER Working Papers 8008, National Bureau of Economic Research, Inc.
    2. William C. Gruben & Jahyeong Koo & Robert R. Moore, 1999. "When does financial liberalization make banks risky? an empirical examination of Argentina, Canada and Mexico," Working Papers 9905, Federal Reserve Bank of Dallas.
    3. Karima Bouaiss & Hervé Alexandre & Catherine Refait-Alexandre, 2017. "Will Bank Transparency really Help Financial Markets and Regulators?," Working Papers hal-01637917, HAL.
    4. Clara Garcia, 2004. "Capital Inflows, Policy Responses, and Their Ill Consequences: Thailand, Malaysia, and Indonesia in the Decade Before the Crises," Working Papers wp81, Political Economy Research Institute, University of Massachusetts at Amherst.
    5. Liliana DONATH & Veronica Mihuțescu CERNA & Ionela Maria OPREA, 2014. "Macroeconomic Determinants Of Bad Loans In Baltic Countries And Romania," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 6, pages 71-80, December.
    6. Gande, Amar & John, Kose & Senbet, Lemma W., 2008. "Bank incentives, economic specialization, and financial crises in emerging economies," Journal of International Money and Finance, Elsevier, vol. 27(5), pages 707-732, September.
    7. Lipsey Robert E. & Ramstetter Eric D. & Blomström Mangus & Eckes Alfred E. & Fifield S.G.M. & Power D. M. & Sinclair C. D. & Jaiswal-Dale Ameeta & Power Sally J. & Abderrezak Ali, 2000. "Global Economy Quarterly, Issue 4," Global Economy Journal, De Gruyter, vol. 1(4), pages 1-109, December.
    8. repec:dau:papers:123456789/4060 is not listed on IDEAS
    9. Hager HAMDANE BEN LETAIFA, 2011. "Déréglementation bancaire et stabilité financière dans les pays émergents," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 2(1), April.
    10. Ismael E Arciniegas Rueda & Fabio Arciniegas, 2005. "SOM-based Data Analysis of Speculative Attacks' Real Effects," International Finance 0507001, University Library of Munich, Germany.
    11. Concetta Chiuri, Maria & Ferri, Giovanni & Majnoni, Giovanni, 2002. "The macroeconomic impact of bank capital requirements in emerging economies: Past evidence to assess the future," Journal of Banking & Finance, Elsevier, vol. 26(5), pages 881-904, May.
    12. Schargrodsky, Ernesto & Sturzenegger, Federico, 2000. "Banking regulation and competition with product differentiation," Journal of Development Economics, Elsevier, vol. 63(1), pages 85-111, October.
    13. Knutsen, Sverre & Sjögren, Hans, 2009. "Institutional Clash and Financial Fragility. An Evolutionary Model of Banking Crises," MPRA Paper 13133, University Library of Munich, Germany.
    14. Carlos Acevedo, 2000. "Mecanismos de transmisión de política monetaria con liberalización financiera: El Salvador en los noventa," Monetaria, CEMLA, vol. 0(4), pages 361-412, octubre-d.
    15. Andres Gallo & Juan Pablo Stegmann & Jeffrey Steagall, 2006. "The Role of Political Institutions in the Resolution of Economic Crises: The Case of Argentina 2001-05," Oxford Development Studies, Taylor & Francis Journals, vol. 34(2), pages 193-217.
    16. Dilip K. DAS, 2000. "Asian Crisis: Distilling Critical Lessons," UNCTAD Discussion Papers 152, United Nations Conference on Trade and Development.
    17. Pavel Trunin & M. Kamenskih, 2007. "Monitoring Financial Stability In Developing Economies (Case of Russia)," Research Paper Series, Gaidar Institute for Economic Policy, issue 111.
    18. Michael Chui, 2002. "Leading indicators of balance-of-payments crises: a partial review," Bank of England working papers 171, Bank of England.
    19. Mr. Rupert D Worrell, 2004. "Quantitative Assessment of the Financial Sector: An Integrated Approach," IMF Working Papers 2004/153, International Monetary Fund.
    20. Mohamed Tahar RAJHI & Mohamed Sadok GASSOUMA, 2011. "Rapprochement entre capital reglementaire et capital economique dans les banques Tunisiennes dans le cadre du passage du Bâle I au Bâle II," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 2(1), April.
    21. Margarita Elluz Calle Arancibia & Wagner Enoc Vicente Ramos & Gustavo Ilich Loayza Acosta, 2020. "Determinants of Arrears in the Municipal Savings Banks, Rural Savings Banks and EDPYMES of Peru," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(4), pages 523-536, July.

    More about this item

    Keywords

    financial crises; contagion; exchange rate; volatility; macroeconomic; economic development; Mexico; Thailand; Korea; Indonesia; Malaysia; Russia; Brazil; Turkey; Argentina.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N2 - Economic History - - Financial Markets and Institutions
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:118612. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.