Financial liberalization, disaggregated capital flows and banking crisis: Evidence from developing countries

Nabila Boukef Jlassi () and Helmi Hamdi

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to examine whether or not financial liberalization has triggered banking crises in developing countries. We focus in particular on the role of capital inflows as their volatilities threat economic stability. In the empirical model, based on Panel Logit estimation, we use the two common financial liberalization indicators (de facto and dejure) for a panel of 58 developing countries for the period from 1984 to 2007. Unlike the previous studies, this paper reveals that both indicators of financial liberalization did not trigger banking crises in our sample.

Keywords: Banking Crises; Financial Liberalization; Capital Flows; Developing Countries (search for similar items in EconPapers)
JEL-codes: F32 F33 F34 F36 F41 F65 G01 G11 G15 G18 (search for similar items in EconPapers)
Date: 2013, Revised 2014
New Economics Papers: this item is included in nep-ban, nep-cba and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

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Related works:
Journal Article: Financial liberalization, disaggregated capital flows and banking crisis: Evidence from developing countries (2014)
Working Paper: Financial liberalization, disaggregated capital flows and banking crisis: Evidence from developing countries (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:55779

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