Staying afloat when the wind shifts : external factors and emerging-market banking crises / Barry Eichengreen, Andrew K. Rose.
We analyze banking crises using a panel of macroeconomic and financial data for more than one hundred developing countries from 1975 through 1992. We find that banking crises in emerging markets are strongly associated with adverse external conditions. In particular Northern interest rates are stron...
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge, MA :
National Bureau of Economic Research,
c1998.
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| Series: | Working paper series (National Bureau of Economic Research) ;
working paper no. 6370. |
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