Citation

Discussion Paper Details

Please find the details for DP1828 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises

Author(s): Barry Eichengreen and Andrew K Rose

Publication Date: April 1998

Keyword(s): Country, Developing, Empirical, Interest, Northern, Panel and statistical

Programme Area(s): Financial Economics and International Macroeconomics

Abstract: We analyse banking crises using a panel of macroeconomic and financial data for more than 100 developing countries from 1975 through 1992. We find that banking crises in emerging markets are strongly associated with adverse external conditions. In particular, high Northern interest rates are strongly associated with the onset of banking crises in developing countries, even after taking into account a host of internal macroeconomic factors.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1828

Bibliographic Reference

Eichengreen, B and Rose, A. 1998. 'Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1828