Identifying and Dating Systemic Banking Crises Using Incidence and Size of Bank Failures

Raymond Chaudron, Jakob de Haan
2014 Social Science Research Network  
We analyse three databases of banking crises and investigate their consistency in the identification and timing of crises. We find that there are large and statistically significant discrepancies between the three datasets. We also compare the dating of banking crises according to these databases using information on the number and size of bank failures for four crises for which the timing strongly differs across these databases. We conclude that information on these variables allows
more » ... s allows determining the timing of banking crises more precisely. On the basis of our findings, we consider the database compiled by Laeven and Valencia to be the most accurate.
doi:10.2139/ssrn.2376786 fatcat:kn2enpvzcvbbdba7yf7hmfpl7q