Conventional wisdom holds that banking crises have become ever more frequent during the last thirty years. Here's some evidence.* I think conventional wisdom was perhaps correct from the vantage point of 2000. Not so obvious that this same conclusion emerges from the vantage point of early 2008. In fact, and as I noted to Will this evening, what is perhaps most stunning is how rare banking crises were during the naughts, at least prior to 2008. I would also note that of the 90 banking crises that occurred from 1987 to 1998, exactly five involved an advanced industrialized economy (US in 1988, Finland, Norway and Sweden in 1991, Japan in 1998). Thus, 85 of these crises occurred in developing societies many of which were deeply entrenched in economic reform.
IPE @ UNC
IPE@UNC is a group blog maintained by faculty and graduate students in the Department of Political Science at the University of North Carolina at Chapel Hill. The opinions expressed on these pages are our own, and have nothing to do with UNC.
Bookshelf
Tags
Blog Archive
-
▼
2010
(478)
-
▼
September
(53)
- Europe According to Americans
- Austerity Politics. Kind Of.
- War Is Over (If You Pay Up)
- A Key Point About Basel III
- Midweek Link Dump
- FOTD
- Are (Banking) Crises Becoming More Frequent?
- Number 11. Or 25. Or Something.
- Examining Islam
- FYI, Again
- Let's Stop Shooting Ourselves in the Foot
- Not All Trade Protections Are Created Equal
- The End of the Barrington Moore Problematic
- Is the German Political Economy Shifting?
- Shameless Self-Promotion
- Proud to Be Part of the UNC Mafia
- IPE and The Security Dilemma
- Gimme Some Truth
- Savvy By the Fed
- Genius from The Onion
- Iraq Sanctions Bleg
- One Truth, One Half-Truth, and One Non-Truth
- On L'Affaire Peretz and Nativism
- FYI
- The Blame Game
- A New Development Model?
- A Thousand Words
- Today's Lesson in Cognitive Dissonance
- Theory of Interstellar Trade
- Hell Freezes Over
- US-Saudi Arms Deal
- Arms Sales and Why Economic Decisions are Political
- Domestic Political Cover, Policy Change and Greek ...
- A Brief Dip Into Sentimentality
- Only Partially Hopeless
- More on Basel III Politics
- A neocon and a revolutionary walk into a bar...
- AER Citations
- Basel Is About Politics, Not Technocracy
- QOTD
- Is There Anybody Out There?
- Why Don't Journalists Care About IR Scholarship? B...
- For Richer or Poorer
- Sunday Afternoon Reading
- All I Ask Is That Journalists Do Journalism
- Politics of Hard Times - Macroeconomic Imbalances ...
- The Tragedy of the Commons, Flipped
- Performance Pay and Wage Inequality
- Can Hamas Sabotage the Peace?
- Flogging a Dead Horse
- A Millenial's Perspective On International Politics
- Ireland's Doldrums
- FOTD
-
▼
September
(53)
Tuesday, September 28, 2010
Are (Banking) Crises Becoming More Frequent?
*This time series derived from Luc Laeven and Fabian Valencia, 2010. "Resolution of Banking Crises: the Good, the Bad, and the Ugly," IMF Working Paper, (June).
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment