Banking Crises in Emerging Markets: Presumptions and Evidence

Barry Eichengreen () and Carlos O. Arteta ()

Macroeconomics from EconWPA

Abstract: The existing empirical literature on banking crises has not produced agreement on their causes. Using a sample of 75 emerging markets in 1975-1997, we attempt to determine what we know about banking crises by establishing which previous results are robust. Among the robust causes of emerging-market banking crises are rapid domestic credit growth, large bank liabilities relative to reserves, and deposit- rate decontrol. On the other hand, there is no compelling evidence of any particular relationship between exchange rate regimes and crises. Finally, the evidence that deposit insurance or a weak institutional environment heighten crisis risk appears to be fragile.

JEL-codes: E44 G21 (search for similar items in EconPapers)
Date: 2001-02-09
Note: 60 pages, Acrobat .pdf
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http://129.3.20.41/eps/mac/papers/0012/0012012.pdf (application/pdf)

Related works:
Working Paper: Banking Crises in Emerging Markets: Presumptions and Evidence (2000)
Working Paper: Banking Crises in Emerging Markets: Presumptions and Evidence (2000)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0012012

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