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Pedro, C. P., Ramalho, J. J. S. & Silva, J. V. (2018). The main determinants of banking crises in OECD countries. Review of World Economics. 154 (1), 203-227

C. P. Pedro et al.,  "The main determinants of banking crises in OECD countries", in Review of World Economics, vol. 154, no. 1, pp. 203-227, 2018

@article{pedro2018_1715007172511,
	author = "Pedro, C. P. and Ramalho, J. J. S. and Silva, J. V.",
	title = "The main determinants of banking crises in OECD countries",
	journal = "Review of World Economics",
	year = "2018",
	volume = "154",
	number = "1",
	doi = "10.1007/s10290-017-0294-0",
	pages = "203-227",
	url = "https://link.springer.com/article/10.1007%2Fs10290-017-0294-0"
}

TY  - JOUR
TI  - The main determinants of banking crises in OECD countries
T2  - Review of World Economics
VL  - 154
IS  - 1
AU  - Pedro, C. P.
AU  - Ramalho, J. J. S.
AU  - Silva, J. V.
PY  - 2018
SP  - 203-227
SN  - 1610-2878
DO  - 10.1007/s10290-017-0294-0
UR  - https://link.springer.com/article/10.1007%2Fs10290-017-0294-0
AB  - Banks’ stability can be affected by economic fluctuations, banks’ risk-taking behavior, connections among banks and countries’ financial system structure. At the same time, banking regulation and supervision were designed to protect banks from failure, but a large number of banking crises were not prevented recently. Using binary response models for panel data and focusing on OECD countries, this paper studies the main determinants of banking crises over a period of 21 years. Results suggest a bank’s high debt and a country’s low GDP growth rate as the major determinants of banking crises. There is also evidence of contagion across countries from the same geographical region and from G7 to other countries, and that bank-based financial systems are less prone to borderline banking crises. Regulatory and supervision practices are found not to have been relevant in bankruptcy prevention.
ER  -