Credit Booms, Financial Fragility and Banking Crises
View/
Cite this item:
Fielding, D., & Rewilak, J. (2015). Credit Booms, Financial Fragility and Banking Crises (Economics Discussion Papers Series No. 1507). University of Otago. Retrieved from http://hdl.handle.net/10523/5840
Permanent link to OUR Archive version:
http://hdl.handle.net/10523/5840
Abstract:
Recent evidence indicates that surges in capital inflows and credit booms can increase the probability of a subsequent banking crisis. Using a new country-level panel database on financial fragility, we take this analysis further by exploring the interaction of surges, booms and fragility. We find that booms and fragility are both important, but booms increase the probability of a crisis only in financial systems with a relatively high level of fragility. Booms appear not to be dangerous in countries with a robust banking system.
Date:
2015-08
Publisher:
University of Otago
Series number:
1507
ISSN:
1178-2293 (Online)
Keywords:
panel data; financial crises; financial fragility; credit booms; capital surges
Research Type:
Discussion Paper
Languages:
English
Collections
- Economics [312]
- Discussion Paper [436]
The following licence files are associated with this item:
Except where otherwise noted, this item's licence is described as Attribution-NonCommercial-ShareAlike 4.0 International