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Systemic banking crises in complex economies

Author

Listed:
  • Emmanuel Caiazzo

    (University of Naples Federico II
    Department of Economics and Statistics, University of Naples Federico II, CSEF, and MoFiR)

Abstract

This paper provides an early warning exercise suggesting that in complex economies, characterized by the production of knowledge-intensive products, systemic banking crises are more frequent, even after considering standard predictors of crises. We relate our findings to standard contributions in development theory linking economic growth to structural transformation of the economy. In this perspective, we argue that while transitioning from a simple to a more complex productive structure can promote economic growth, it can also increase financial instability.

Suggested Citation

  • Emmanuel Caiazzo, 2025. "Systemic banking crises in complex economies," Mo.Fi.R. Working Papers 190, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    • Handle: RePEc:anc:wmofir:190
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    File URL: http://docs.dises.univpm.it/web/quaderni/pdfmofir/Mofir190.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Financial fragility; Economic complexity Index; production Capabilities;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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