Assessing the robustness of the relationship between financial reforms and banking crises

This paper provides a novel approach for assessing the robustness of the relationship between different types of financial reforms and banking crises for the period 1973– 2005. We document the following facts for emerging economies: (i) liberalizations of capital accounts, securities markets, intere...

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Autores principales: Gluzmann, Pablo Alfredo, Guzmán, Martín
Formato: Articulo
Lenguaje:Inglés
Publicado: 2017
Materias:
Ciencias Económicas
Financial reforms
Banking crise
Robustness
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/150902
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-150902
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
Financial reforms
Banking crise
Robustness
spellingShingle Ciencias Económicas
Financial reforms
Banking crise
Robustness
Gluzmann, Pablo Alfredo
Guzmán, Martín
Assessing the robustness of the relationship between financial reforms and banking crises
topic_facet Ciencias Económicas
Financial reforms
Banking crise
Robustness
description This paper provides a novel approach for assessing the robustness of the relationship between different types of financial reforms and banking crises for the period 1973– 2005. We document the following facts for emerging economies: (i) liberalizations of capital accounts, securities markets, interest rates, removal of credit controls, barriers to entry, and reduction of state ownership in the banking sector, all are positively associated with a higher frequency of banking crises; (ii) the increase in financial turbulence is mainly concentrated within a time-window of five years after the reforms: If a country does not experience a banking crisis within that period, the probability of experiencing a crisis afterwards becomes insignificant; and (iii) the results are robust to the inclusion of all control variables that have been found in the literature as significant determinants of banking crises.
format Articulo
Articulo
author Gluzmann, Pablo Alfredo
Guzmán, Martín
author_facet Gluzmann, Pablo Alfredo
Guzmán, Martín
author_sort Gluzmann, Pablo Alfredo
title Assessing the robustness of the relationship between financial reforms and banking crises
title_short Assessing the robustness of the relationship between financial reforms and banking crises
title_full Assessing the robustness of the relationship between financial reforms and banking crises
title_fullStr Assessing the robustness of the relationship between financial reforms and banking crises
title_full_unstemmed Assessing the robustness of the relationship between financial reforms and banking crises
title_sort assessing the robustness of the relationship between financial reforms and banking crises
publishDate 2017
url http://sedici.unlp.edu.ar/handle/10915/150902
work_keys_str_mv AT gluzmannpabloalfredo assessingtherobustnessoftherelationshipbetweenfinancialreformsandbankingcrises
AT guzmanmartin assessingtherobustnessoftherelationshipbetweenfinancialreformsandbankingcrises
bdutipo_str Repositorios
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