Abstract

http://ssrn.com/abstract=1521414
 
 

References (24)



 
 

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Financial Reform and Banking Crises


Choudhry Tanveer Shehzad


University of Groningen; Lahore University of Management Sciences (LUMS)

Jakob De Haan


University of Groningen - Faculty of Economics and Business; De Nederlandsche Bank; CESifo (Center for Economic Studies and Ifo Institute)

December 2009

CESifo Working Paper Series No. 2870

Abstract:     
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results suggest that conditional on adequate banking supervision, certain dimensions of financial reform reduce the likelihood of systemic crises. We also show that after a country has reformed, the introduction of further reforms becomes easier and leads to more stable financial systems. We also find some evidence that the likelihood of non-systemic crisis increases after financial reform.

Number of Pages in PDF File: 45

Keywords: banking crises, financial reform, financial fragility

JEL Classification: E44, G21, G28, F36

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Date posted: December 11, 2009  

Suggested Citation

Shehzad, Choudhry Tanveer and de Haan, Jakob, Financial Reform and Banking Crises (December 2009). CESifo Working Paper Series No. 2870. Available at SSRN: http://ssrn.com/abstract=1521414

Contact Information

Choudhry Tanveer Shehzad
University of Groningen ( email )
PO Box 800
Groningen, Groningen 9700 AV
Netherlands
Lahore University of Management Sciences (LUMS) ( email )
S.S. 100 Km 18
Lahore, BA 70010
Pakistan
Jakob De Haan (Contact Author)
University of Groningen - Faculty of Economics and Business ( email )
PO Box 800
Groningen, 9700 AV
Netherlands
+31 0 50 3633706 (Fax)
De Nederlandsche Bank ( email )
P.O. Box 98
Amsterdam, 1000 AB
Netherlands

CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
HOME PAGE: http://www.CESifo.de
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