The main determinants of banking crises in OECD countries
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10174/23389 https://doi.org/10.1007/s10290-017-0294-0 |
Resumo: | Banks’ stability can be affected by economic fluctuations, banks’ risktaking 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. |
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The main determinants of banking crises in OECD countriesBanking crisesRegulationSupervisionOECD countriesContagion effectBanks’ stability can be affected by economic fluctuations, banks’ risktaking 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.The authors thank the Editor and the referees for their valuable suggestions and remarks. Cristina Pereira Pedro (post-doctoral fellowship SFRH/BPD/108826/2015), Joaquim J. S. Ramalho (Grant UID/GES/00315/2013) and Jacinto Vidigal da Silva (Grants UID/ECO/04007/2013 and POCI-01-0145-FEDER-007659) are pleased to acknowledge financial support from Fundação para a Ciência e a Tecnologia.SPRINGER2018-09-07T15:37:09Z2018-09-072018-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/23389http://hdl.handle.net/10174/23389https://doi.org/10.1007/s10290-017-0294-0enghttps://link.springer.com/article/10.1007/s10290-017-0294-0Departamento de Gestãocristy.pereira@gmail.comJoaquim.Jose.Ramalho@iscte.ptjsilva@uevora.pt664Pedro, CristinaRamalho, JoaquimSilva, Jacintoinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T19:15:31Zoai:dspace.uevora.pt:10174/23389Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:14:15.926360Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The main determinants of banking crises in OECD countries |
title |
The main determinants of banking crises in OECD countries |
spellingShingle |
The main determinants of banking crises in OECD countries Pedro, Cristina Banking crises Regulation Supervision OECD countries Contagion effect |
title_short |
The main determinants of banking crises in OECD countries |
title_full |
The main determinants of banking crises in OECD countries |
title_fullStr |
The main determinants of banking crises in OECD countries |
title_full_unstemmed |
The main determinants of banking crises in OECD countries |
title_sort |
The main determinants of banking crises in OECD countries |
author |
Pedro, Cristina |
author_facet |
Pedro, Cristina Ramalho, Joaquim Silva, Jacinto |
author_role |
author |
author2 |
Ramalho, Joaquim Silva, Jacinto |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Pedro, Cristina Ramalho, Joaquim Silva, Jacinto |
dc.subject.por.fl_str_mv |
Banking crises Regulation Supervision OECD countries Contagion effect |
topic |
Banking crises Regulation Supervision OECD countries Contagion effect |
description |
Banks’ stability can be affected by economic fluctuations, banks’ risktaking 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. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-09-07T15:37:09Z 2018-09-07 2018-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10174/23389 http://hdl.handle.net/10174/23389 https://doi.org/10.1007/s10290-017-0294-0 |
url |
http://hdl.handle.net/10174/23389 https://doi.org/10.1007/s10290-017-0294-0 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://link.springer.com/article/10.1007/s10290-017-0294-0 Departamento de Gestão cristy.pereira@gmail.com Joaquim.Jose.Ramalho@iscte.pt jsilva@uevora.pt 664 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
SPRINGER |
publisher.none.fl_str_mv |
SPRINGER |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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