Detail The Internationalisation of Financial Crises: Banking and Currency Crises 1883-2008 (North American Journal of Economics and Finance, Vol.32, 2015) Bibliografi Author: Lestano ; Dungey, Mardi ; Jacobs, Jan P.A.M. Topik: financial crises; currency crisis; banking crisis; synchronisation; concordance indices Bahasa: (EN )     Penerbit: Elsevier     Tempat Terbit: Oxford    Tahun Terbit: 2015     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: 1-s2.0-S1062940815000042-main.pdf (1.63MB; 6 download) Abstract Financial crises are high cost events which can transmit across international borders. Using data from 1883 to 2008, this article develops a means of mapping changes in the degree of international synchronisation of banking and currency crises through a formal concordance index. This index specifically accounts for the typically low incidence and potential serial correlation of crisis data. The results show that banking crises were highly internationalised at the beginning of the 20th century, and became far less so in the strong regulatory environment prevailing after the Depression until the 1980s. A strong increase in the synchronicity of international banking crises is revealed during the late 20th and early 21st century. Currency crises began the century as more idiosyncratic, but have tended to become more synchronised over the 115 year sample. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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