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Financial Systems And Banking Crises: An Assessment

Author

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  • Antonio Ruiz-Porras

    (Tecnológico de Monterrey, Campus Ciudad de México)

Abstract

Tradicionalmente una vieja preocupación entre los economistas se refiere a los efectos que los sistemas financieros pudieran tener en e1 desempeño económico. Aquí investigamos 1os "hechos estilizados" entre los sistemas financieros y las crisis bancarias mediante el uso de indicadores simples y de componentes-principales, y mediante ei uso de regresiones de MCO. El estudio se fundamenta en un conjunto de indicadores de fragilidad bancaria, estructura financiera y desarrollo financiero para una muestra de 47 economías durante e1 periodo 1990- 1997. Los hechos estilizados sugieren que el desarrollo financiero se asocia a aquellos sistemas financieros en donde predominan los mercados de valores y de activos. Además, la evidencia sugiere que dicha vinculación es magnificada durante episodios de crisis bancarias sistémicas v no sistémicas. En consecuencia, nuestros hallazgos sugieren que 1as crisis bancarias pudieran fomentar el desarrollo financiero v la transformación de los sistemas financieros en sistemas basados en los mercados.

Suggested Citation

  • Antonio Ruiz-Porras, 2006. "Financial Systems And Banking Crises: An Assessment," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 5(1), pages 13-27, Marzo 200.
    • Handle: RePEc:imx:journl:v:5:y:2006:i:1:p:13-27
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    References listed on IDEAS

    as
    1. Antonio Ruiz-Porras, 2006. "Financial Systems And Banking Crises: An Assessment," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 5(1), pages 13-27, Marzo 200.
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    Cited by:

    1. Antonio Ruiz-Porras, 2006. "Financial Systems And Banking Crises: An Assessment," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 5(1), pages 13-27, Marzo 200.
    2. Antonio Ruiz-Porras, 2008. "Banking Competition and Financial Fragility: Evidence from Panel-Data," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 23(1), pages 49-87.
    3. Ruiz-Porras, Antonio, 2008. "Financial structure, financial development and banking fragility: International evidence," MPRA Paper 12124, University Library of Munich, Germany.

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    More about this item

    Keywords

    Financial systems; banking crises; financial structure; financial development;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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