Historical Banking Crises: A New Database and a Reassessment of their Incidence and Severity

21 Pages Posted: 17 Jun 2019 Last revised: 23 Mar 2021

See all articles by Matthew Baron

Matthew Baron

Cornell University - Samuel Curtis Johnson Graduate School of Management

Daniel Dieckelmann

European Central Bank (ECB)

Date Written: March 23, 2021

Abstract

We highlight limitations with existing chronologies of banking crises and showcase new approaches for reconstructing and analyzing the global history of banking crises. We review recent quantitative approaches to ask: When did banking crises happen and how severe were they? Building on the chronology of banking crises put forth by Baron, Verner, and Xiong (2021), we present a new database of the causes, timeline, bank failures, creditor panics, policy responses, and consequences of banking crises in 47 countries since 1870.

Keywords: historical banking crises

JEL Classification: G01

Suggested Citation

Baron, Matthew and Dieckelmann, Daniel, Historical Banking Crises: A New Database and a Reassessment of their Incidence and Severity (March 23, 2021). Available at SSRN: https://ssrn.com/abstract=3399551 or http://dx.doi.org/10.2139/ssrn.3399551

Matthew Baron (Contact Author)

Cornell University - Samuel Curtis Johnson Graduate School of Management ( email )

Ithaca, NY 14853
United States

Daniel Dieckelmann

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

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