The Use Of Asset Management Companies In The Resolution Of Banking Crises Cross-Country Experiences

2001 ◽  
Author(s):  
Daniela Klingebiel
Keyword(s):  
Asset Management ◽  
Banking Crises ◽  
Cross Country

scholarly journals Financial Liberalization and Banking Crises: A Cross-Country Analysis*

2010 ◽  
Vol 10 (2) ◽  
pp. 263-292 ◽  
Author(s):  
APANARD P. ANGKINAND ◽  
WANVIMOL SAWANGNGOENYUANG ◽  
CLAS WIHLBORG
Keyword(s):  
Financial Liberalization ◽  
Banking Crises ◽  
Country Analysis ◽  
Cross Country

Global shocks, economic growth and financial crises: 120 years of New Zealand experience

2011 ◽  
Vol 18 (3) ◽  
pp. 331-355 ◽  
Author(s):  
Michael Bordo ◽  
David Hargreaves ◽  
Mizuho Kida
Keyword(s):  
New Zealand ◽  
Explanatory Power ◽  
Banking Crises ◽  
Global Business ◽  
Dummy Variables ◽  
Stable Period ◽  
The Us ◽  
Global Shocks ◽  
Cross Country ◽  
Currency Mismatches

We identify the timing of currency, banking crises and sudden stops in New Zealand from 1880 to 2008 using methodologies from the international literature and consider the extent to which the empirical models in that literature can explain New Zealand's crisis history. We find that the cross-country evidence on the determinants of crises fits New Zealand experience reasonably well. A number of the risk factors that correlate with crises internationally – such as domestic imbalances, external debt, and currency mismatches – were elevated for New Zealand when the country had more frequent crises and have improved in the recent (more stable) period. However, a time-series analysis of New Zealand growth over 120 years shows that global factors – such as the US growth rate and terms of trade – explain New Zealand growth fairly well, and that crisis-dummy variables do not have substantial additional explanatory power. This suggests that having sound institutions and policies may help avoid severe domestic crises, but will not be sufficient to avoid the domestic economic impact of the global business cycle.

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