The Length and Cost of Banking Crises

Edward Frydl

No 1999/030, IMF Working Papers from International Monetary Fund

Abstract: This paper reviews how recent studies of banking crises differ with regard to the dating, length, and costs of the crises. Significant discrepancies in these features suggest the absence of analytical consensus. The data allow an examination of the relation between perceived crisis length, as an index of delay in taking actions to resolve a crisis, and crisis costs. Cross-sectional evidence does not show that the length of a crisis is a significant contributor to its resolution cost. A measure of economic cost, the growth shortfall in the crisis period, shows more evidence of a link.

Keywords: WP; banking crisis; resolution cost; crisis length; real interest rate; Bank Supervision; crisis cost; banking structure; crisis duration; Banking crises; Commercial banks; Crisis resolution; Bank resolution; Africa (search for similar items in EconPapers)
Pages: 32
Date: 1999-03-01
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Citations: View citations in EconPapers (68)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1999/030

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