Dominant Indicators of Bank Crises: Comparative Analysis for States with Different Levels of Economic Development
The article is devoted to identification of common and distinctive regularities of development of banking systems with different levels of development of economy through study of the most important macro-economic and financial indicators. The article uses instruments of the applied statistics. The study is based on comparison of mean values of indicators in two groups of countries (countries with a high level of income and countries with a medium level of income), each of which is divided into two sub-groups based on whether there was banking crisis in 2008 or not. In the result of the study the article shows that there are both common and distinctive features of development of banking systems of countries with different levels of economic development. Thus, a typical scenario, characteristic for countries with developed economy that had banking crisis in 2008, includes availability of a relatively large-scale crediting of the economy under conditions of relatively low rates of economic growth and close connections of the national banking systems with banking systems of other countries. Development of banking systems of developing countries during the pre-crisis period is characterised with the following specific features: relatively high rates of growth of scales of crediting of the economy and high rates of economic growth under conditions of use of significant volumes of resources, borrowed in financial markets, and close connection of the national banking systems with banking systems of other countries. The study allows a more efficient use of experience of states with developed economy, since the described results give a possibility to adjust experience of other states, taking into account characteristic features of banking systems of developing countries. Also the study identified states, experience of which should be studied. The conducted analysis of interrelations of indicators could be used for building models of assessment of sustainability of banking systems. The article is not an exhaustive study, but it shows possibilities for further studies in this direction, outlining the most important and clearly expressed specific features of development of banking systems of states with different level of economic development in the pre-crisis period.
Volume (Year): (2014)
Issue (Month): 3 ()
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- Asli DemirgÃ¼Ã§-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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