Systemic banking crises in complex economies

Emmanuel Caiazzo ()
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Emmanuel Caiazzo: University of Naples Federico II
Authors registered in the RePEc Author Service: Alberto Zazzaro ()

No 190, Mo.Fi.R. Working Papers from Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences

Abstract: This paper provides an early warning exercise suggesting that in complex economies, characterized by the production of knowledge-intensive products, systemic banking crises are more frequent, even after considering standard predictors of crises. We relate our findings to standard contributions in development theory linking economic growth to structural transformation of the economy. In this perspective, we argue that while transitioning from a simple to a more complex productive structure can promote economic growth, it can also increase financial instability.

Keywords: Financial fragility; Economic complexity Index; production Capabilities (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Pages: 13
Date: 2025-03
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wmofir:190

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