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Identifying and dating systemic banking crises using incidence and size of bank failures

Raymond Chaudron () and Jakob de Haan ()

DNB Working Papers from Netherlands Central Bank, Research Department

Abstract: We analyse three databases of banking crises and investigate their consistency in the identification and timing of crises. We find that there are large and statistically significant discrepancies between the three datasets. We also compare the dating of banking crises according to these databases using information on the number and size of bank failures for four crises for which the timing strongly differs across these databases. We conclude that information on these variables allows determining the timing of banking crises more precisely. On the basis of our findings, we consider the database compiled by Laeven and Valencia to be the most accurate.

Keywords: systemic banking crises; dating of crises; bank failures; monetary statistics; financial accounts (search for similar items in EconPapers)
JEL-codes: G01 G21 N20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban and nep-cba
Date: 2014-01
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