Systemic Banking Crises: A New Database

A recent post in The Liscio Report titled Banking crises around the world authors Philippa Dunne & Doug Henwood succinctly summarize a timely paper released September 1st, 2008 compiled by IMF economists Luc Laevan and Fabian Valencia.

The IMF report titled, Systemic Banking Crises: A New Database, compiles data on banking crises from 1970-2007, in countries around the world.  The extended report offers specific information on how financial crises have been contained and how specific bailout policies for 42 crisis episodes played out.

The reports includes everything from the conditions leading to the crises to the outcomes in different response scenarios.  The Lisco Report entry offers an excellent summary of the most salient points that provide insight into the current legislation and moreover to the current crisis and the kinds of solutions we ought to be looking for moving forward.

Of particular interest are some of the data points on inflation, employment, GDP growth provided below in a link to a chart compiled from the IMF report by InvestorsInsight and recently distributed in a newsletter by John Mauldin.

IMF via InvestorsInsight.com

Source: IMF via InvestorsInsight.com

Sources:
Banking crises around the world

Philippa Dunne & Doug Henwood, The Liscio Report, October 01, 2008
http://tlrii.typepad.com/theliscioreport/2008/10/banking-crises-around-the-world.html

Systemic Banking Crises: A New Database
Luc Laeven, Fabian Valencia, IMF, September 1, 2008
http://www.imf.org/external/pubs/cat/longres.cfm?sk=22345.0

Banking Crises Around The World
John Mauldin, InvestorsInsight, October 1, 2008
http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2008/10/01/banking-crises-around-the-world.aspx

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