On the relation between currency and banking crises in developing countries, 1980-2010

被引：4

作者：

Jing, Zhongbo ^{[1
,2
]}

机构：

[1] Cent Univ Finance & Econ, Sch Management Sci & Engn, Beijing 100081, Peoples R China

[2] Univ Groningen, Fac Econ & Business, Groningen, Netherlands

来源：

NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE | 2015年 / 34卷

基金：

中国国家自然科学基金;

关键词：

Currency crises; Banking crises; Granger causality test; Ordered logit model; Logit model; FINANCIAL CRISES; DETERMINANTS; BALANCE; TWINS;

D O I：

10.1016/j.najef.2015.09.016

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the relationship between the occurrence of currency and banking crises using high-frequency data for a sample of 94 countries during 1980-2010. The two types of crises are proxied by continuous, multi-categorical and dummy variables based on market pressure indexes, and a dummy variable from the Laeven-Valencia banking crises database. Results suggest that a bidirectional leading relationship exists between the two types of crises. However, banking crises do not lead currency crises robustly when banking crises are proxied by dummies based on market pressure indexes. Finally, currency crises have robust state dependence, but this is not the case for banking crises. (C) 2015 Elsevier Inc. All rights reserved.

引用

页码：267 / 291

页数：25

共 50 条

[41] CO2 emissions convergence among 10 South American countries. A study of Kaya components (1980-2010)
Robalino-Lopez, A.
Garcia-Ramos, J. E.
Golpe, Antonio A.
Mena-Nieto, A.
CARBON MANAGEMENT, 2016, 7 (1-2) : 1 - 12
[42] Banking Crises and Short and Medium Term Output Losses in Emerging and Developing Countries: The Role of Structural and Policy Variables
Furceri, Davide
Zdzienicka, Aleksandra
WORLD DEVELOPMENT, 2012, 40 (12) : 2369 - 2378
[43] Banking crises and economic growth in developing countries: Why privileging foreign direct investment over external debt?
Gaies, Brahim
Nabi, Mahmoud-Sami
BULLETIN OF ECONOMIC RESEARCH, 2021, 73 (04) : 736 - 761
[44] Breast and cervical cancer in 187 countries between 1980 and 2010: a systematic analysis
Forouzanfar, Mohammad H.
Foreman, Kyle J.
Delossantos, Allyne M.
Lozano, Rafael
Lopez, Alan D.
Murray, Christopher J. L.
Naghavi, Mohsen
LANCET, 2011, 378 (9801): : 1461 - 1484
[45] Liver cirrhosis mortality in 187 countries between 1980 and 2010: a systematic analysis
Ali A Mokdad
Alan D Lopez
Saied Shahraz
Rafael Lozano
Ali H Mokdad
Jeff Stanaway
Christopher JL Murray
Mohsen Naghavi
BMC Medicine, 12
[46] Liver cirrhosis mortality in 187 countries between 1980 and 2010: a systematic analysis
Mokdad, Ali A.
Lopez, Alan D.
Shahraz, Saied
Lozano, Rafael
Mokdad, Ali H.
Stanaway, Jeff
Murray, Christopher J. L.
Naghavi, Mohsen
BMC MEDICINE, 2014, 12
[47] On the relation between financial flows and the trade balance in developing countries
Kandil, Magda
JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, 2009, 18 (03): : 373 - 393
[48] RELATION BETWEEN CORRUPTION IN DEVELOPED AND DEVELOPING COUNTRIES AND THE LEVEL OF THEIR GLOBALIZATION
Laboutkova, Sarka
PROCEEDINGS OF 12TH INTERNATIONAL SCIENTIFIC CONFERENCE: ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES, PTS I AND II, 2015, : 479 - 488
[49] THE RELATION BETWEEN EMPLOYMENT AND GROWTH IN DEVELOPING-COUNTRIES - A COMMENT
PEEL, DA
SOCIAL AND ECONOMIC STUDIES, 1979, 28 (04) : 127 - 129
[50] Reconstructing historical changes in phosphorus inputs to rivers from point and nonpoint sources in a rapidly developing watershed in eastern China, 1980-2010
Chen, Dingjiang
Hu, Minping
Guo, Yi
Dahlgren, Randy A.
SCIENCE OF THE TOTAL ENVIRONMENT, 2015, 533 : 196 - 204

← 1 2 3 4 5 →