Arbeitspapier
Rapid credit growth and current account deficit as the leading determinants of financial crises
In this study, the main purpose is to analyze the factors that stimulate the probability of financial crises. The period of analysis covers the years of 1970-2008, thereby including the impact of recent global financial crisis. The analysis aims to make a comparison for the developed and developing country financial crises separately. Panel logit estimation technique is used for the analysis which includes 24 developed and 26 developing countries, amounting to 50 countries as total. According to estimation results, current account deficit and credit expansion carry the risk of raising the probability of financial crises significantly both in advanced countries and developing countries. More specifically, credit expansions in developed countries and current account deficits in developing countries raise the probability of financial crises more strongly.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2013-35
- Klassifikation
-
Wirtschaft
Open Economy Macroeconomics
Money Supply; Credit; Money Multipliers
Financial Crises
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
- Thema
-
financial crisis
predictors of financial crisis
rapid credit expansion
current account deficit
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ganioğlu, Aytül
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ganioğlu, Aytül
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2013
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