Macro Financial Determinants of the Great Financial Crisis: Implications for Financial Regulation

Gerard Caprio, Vincenzo D'Apice, Giovanni Ferri and Giovanni Puopolo

MPRA Paper from University Library of Munich, Germany

Abstract: By analysing the macro financial determinants of the Great Financial Crisis of 2007-2009 on 83 countries, we find that the probability of suffering the crisis in 2008 was larger for countries having higher levels of credit deposit ratio whereas it was lower for countries having higher levels of: i) net interest margin, ii) concentration in the banking sector, iii) restrictions to bank activities, iv) private monitoring. Our findings contribute to the ongoing discussion that can help policymakers calibrate new regulation, by achieving a reasonable trade-off between financial stability and economic growth.

Keywords: Banking Crisis; Government Intervention, Regulation (search for similar items in EconPapers)
JEL-codes: G01 G15 G18 G21 (search for similar items in EconPapers)
Date: 2010-10-21
New Economics Papers: this item is included in nep-ban, nep-fdg and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Published in Temi di Economia e Finanza Special Issue.1(2010): pp. 1-31

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Related works:
Journal Article: Macro-financial determinants of the great financial crisis: Implications for financial regulation (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26088

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