EconPapers    
Economics at your fingertips  
 

Serial Banking Crises and Capital Investment

Felix Rioja, Fernando Rios-Avila () and Neven Valev

Emerging Markets Finance and Trade, 2014, vol. 50, issue 6, 193-208

Abstract: We find that banking crises have a sizable, multiyear cumulative negative effect on investment in capital. Moreover, in countries that have experienced several banking crises over the years, each additional crisis lowers the ratio of investment to gross domestic product by more than the previous crisis. In addition, the recovery of investment following a banking crisis is conditional on earlier crises in the same country. The recovery is slower in countries that have experienced crises in the past. The results are obtained using data for seventy-five countries for the period 1976–2005.

Date: 2014
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/1540496X.2014.1013866 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:50:y:2014:i:6:p:193-208

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MREE20

DOI: 10.1080/1540496X.2014.1013866

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2023-01-23
Handle: RePEc:mes:emfitr:v:50:y:2014:i:6:p:193-208