Prudential Regulation of Banks in Less Developed Economies

Mansoob Murshed and Djono Subagjo

No wp-2000-199, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Beginning with an empirical analysis of banking crises using a logit econometric model covering a sample of developed and developing countries between 1980-97, the paper suggests that crises are more likely in years of low growth and high real interest rates. Private sector credit as a percentage of GDP, lagged credit growth and tight liquidity in the banking sector are also strongly related with banking crises. The results call for more robust financial regulation.

Keywords: Banking; Financial crisis; Financial institutions (search for similar items in EconPapers)
Date: 2000
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