EconPapers    
Economics at your fingertips  
 

The Spatial Probit Model – An Application to the Study of Banking Crises at the End of the 90’s

Andrea Amaral, Margarida Abreu () and Victor Mendes ()
Additional contact information
Andrea Amaral: ISEG, University of Lisbon

CEFAGE-UE Working Papers from University of Evora, CEFAGE-UE (Portugal)

Abstract: We use a spatial Probit model to study the effect of contagion between banking systems of different countries. Applied to the late 90’s banking crisis in Asia we show that the phenomena of contagion is better seized using a spatial than a traditional Probit model. Unlike the latter, the spatial Probit model allows one to consider the cascade of cross and feedback effects of contagion that result from the outbreak of one initial crisis in one country or system. These contagion effects may result either from business connections between institutions of different countries or from institutional similarities between banking systems.

Keywords: Spatial probit; Banking crises; Contagion. (search for similar items in EconPapers)
JEL-codes: C21 C25 G01 G21 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014
New Economics Papers: this item is included in nep-ban, nep-dcm, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.cefage.uevora.pt/en/content/download/48 ... n/1/file/2014_05.pdf

Related works:
Working Paper: The Spatial Probit Model – An Application to the Study of Banking Crises at the End of the 90’s (2014) Downloads
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:cfe:wpcefa:2014_05

Access Statistics for this paper

More papers in CEFAGE-UE Working Papers from University of Evora, CEFAGE-UE (Portugal) Contact information at EDIRC.
Bibliographic data for series maintained by Angela Pacheco ().

 
Page updated 2020-10-29
Handle: RePEc:cfe:wpcefa:2014_05