Systemic Banking Crises Database
构建了1970-2011年系统性银行危机的综合数据库,提出基于政策指数的危机日期判定方法,并对比不同危机的产出损失,发现主权债务危机成本最高,银行危机次之,货币危机最低。
The paper presents a comprehensive database on systemic banking crises during 1970–2011. It proposes a methodology to date banking crises based on policy indices, and examines the robustness of this approach. The paper also presents information on the costs and policy responses associated with banking crises. The database on banking crises episodes is further complemented with dates for sovereign debt and currency crises during the same period. The paper contrasts output losses across different crises and finds that sovereign debt crises tend to be more costly than banking crises, and these in turn tend to be more costly than currency crises. The data also point to significant differences in policy responses between advanced and emerging economies.