Abstract
Using a new country-level panel database, we explore effect of capital inflow surges, credit booms and financial fragility on the probability of banking crises. We find that booms increase the probability of a crisis only in relatively fragile financial systems.
Original language | English |
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Pages (from-to) | 233-236 |
Journal | Economics Letters |
Volume | 136 |
DOIs | |
Publication status | Published - Nov 2015 |
Bibliographical note
© 2015 The Authors. Published by Elsevier B.V.This is an open access article under the CC BY license
(http://creativecommons.org/licenses/by/4.0/).