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Causes of banking crises revisited

Jeroen Klomp

The North American Journal of Economics and Finance, 2010, vol. 21, issue 1, 72-87

Abstract: We examine to what extent there exists heterogeneity in the causes of a banking crisis. For this purpose, we use a random coefficient logit model including 110 countries between 1970 and 2007. We conclude that there exists significant heterogeneity in the causes of a banking crisis. We find that a high credit growth, a negative GDP growth and a high real interest rate are on average the most important causes of a banking crisis. However, none of the variables has a significant impact in more than 60 percent of the banking crises. Besides we find that the impact of the determinants differ between systemic and non-systemic crises and across stages of economic development.

Keywords: Banking; crises; Random; coefficient; logit; model (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecofin:v:21:y:2010:i:1:p:72-87

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