Systemic Banking Crises Database: A Timely Update in Covid-19 Times

59 Pages Posted: 8 May 2020

See all articles by Luc Laeven

Luc Laeven

European Central Bank (ECB); Centre for Economic Policy Research (CEPR)

Fabián Valencia

International Monetary Fund (IMF)

Date Written: April 2020

Abstract

This paper updates the database on systemic banking crises presented in Laeven and Valencia (2013a). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide with or follow banking crises.

Keywords: Bank Restructuring, Banking Crisis, Crisis Resolution, financial crisis

JEL Classification: E50, E60, G20

Suggested Citation

Laeven, Luc A. and Valencia, Fabian V., Systemic Banking Crises Database: A Timely Update in Covid-19 Times (April 2020). CEPR Discussion Paper No. DP14569, Available at SSRN: https://ssrn.com/abstract=3594190

Luc A. Laeven (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Fabian V. Valencia

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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