banking crises

  1. J

    Stock markets and the costs of banking crises

    Description This paper aims to investigate whether stock markets can reduce the output costs of banking crises. The work is motivated by Alan Greenspan’s claim that capital markets serve as a financial “spare tire” in the event of a banking crisis. Journal of Financial Economic Policy Stock...
    • jasminepvk
    • Thread
    • banking crises banks equity financial markets foreign equity holdings output losses stock markets
    • Replies: 0
    • Forum: International Finance
  2. J

    The persistent effect of banking crises on investment and the role of financial markets

    Description While the literature studying the effect of banking crises on real output growth rates has found short-lived effects, recent work has focused on the level effects showing that banking crises can reduce output below its trend for several years. This paper aims to investigate the...
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