Arbeitspapier
External Shocks and Banking Crises in Developing Countries: Does the Exchange Rate Regime Matter?
This paper examines some determinants of banking crises in developing economies. Specifically, the effects of terms of trade shocks and capital flows are analyzed. The choice of the nominal exchange rate regime is found to be a crucial factor in the way various shocks are transmitted through the monetary sector. A logit model is used on panel data and preliminary results indicate that countries with flexible regimes were able to lessen the impact of external shocks on the domestic economy. This in turn reduced the likelihood of banking crises.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 759
- Classification
-
Wirtschaft
- Subject
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banking crises
shocks
exchange rates
- Event
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Geistige Schöpfung
- (who)
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Mendis, Chandima
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2002
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Mendis, Chandima
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2002
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