Investigating the Early Signals of Banking Sector Vulnerabilities in Central and East European Emerging Markets
This paper considers the joint role of macro-economic and bankspecific factors in explaining the occurrence of banking problems in the twenty-one Central and East European emerging markets over the recent decade. Using data at the individual bank level we show, using a logit model, that the macroeconomic factors play a central role in determining banking sector instability in the early stages of difficulty, while the bankspecific factors are more important in the later stages and gain more weight as the banking sector develops and the institutional framework becomes mature.
|Date of creation:||10 Oct 2005|
|Date of revision:||10 Oct 2005|
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- Hutchison, M. & McDill, K., 1998.
"Are All Banking Crises Alike? The Japanese Experience in International Comparison,"
99-02, Economisch Institut voor het Midden en Kleinbedrijf-.
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- Michael Hutchison & Kathleen McDill, 1999. "Are All Banking Crises Alike? The Japanese Experience in International Comparison," NBER Working Papers 7253, National Bureau of Economic Research, Inc.
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- Brenda GonzÃ¡lez-Hermosillo, 1999. "Determinants of Ex-Ante Banking System Distress; A Macro-Micro Empirical Exploration of Some Recent Episodes," IMF Working Papers 99/33, International Monetary Fund.
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