Banking and Currency Crises: How Common are Twins?

Reuven Glick and Michael Hutchison

Working Papers from Economisch Institut voor het Midden en Kleinbedrijf-

Abstract: The coincidence of banking and currency crises associated with the Asian financial crisis has drawn renewed attention to causal and common factors linking the two phenomena. In this paper, we analyze the incidence and underlying causes of banking and currency crises in 90 industrial and developing countries over the 1975-97 period. We measure the individual and joint ("twin") occurrence of bank and currency crises and assess the extent to which each type of crisis provides information about the likelihoood of the other.

Keywords: MONETARY CRISIS; BANKS; CURRENCIES (search for similar items in EconPapers)
JEL-codes: F30 F33 G21 (search for similar items in EconPapers)
Pages: 41 pages
Date: 1999
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Citations: View citations in EconPapers (51)

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Related works:
Working Paper: Banking and Currency Crises: How Common Are The Twins? (2000)
Journal Article: Banking and currency crises; how common are twins? (1999)
Working Paper: Banking and currency crises: how common are twins? (1999)
Working Paper: Banking and Currency Crises: How Common Are Twins?
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Persistent link: https://EconPapers.repec.org/RePEc:fth:midkle:pb99-07

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