IMF highlights problems with overreaction to financial crises

IMF headquarters in Washington, DC

A working paper, published by the International Monetary Fund in June, studies data on banking crises to identify differences in impacts and policy responses in emerging and advanced economies.

Authors Luc Laeven and Fabián Valencia update an existing database of banking crises to produce 147 data points over the period 1970–2011. The paper finds that, following a banking crisis, advanced economies tend to suffer a larger output loss and respond more extensively with monetary and fiscal policy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.