This paper updates and expands the database on systemic banking crises presented in
Laeven and Valencia (IMF Econ Rev 61 (2): 225–270, 2013a). The database draws on 151 …

This study explores the impacts of country risks on the relationship between energy
consumption and financial development for 79 countries. By using the panel smooth …

Credit booms are not rare, some end in a crisis (bad booms) whereas others do not (good
booms). We document that credit booms start with an increase in productivity growth, which …

In emerging market economies, currency appreciation goes hand in hand with compressed
sovereign bond spreads, even for local currency sovereign bonds. This yield compression …

This paper offers a systematic survey of recent research evaluating the impact of the level
and volatility of the real exchange rate (RER) on economic growth. Existing empirical work …

We consider predicting systemic financial crises one to five years ahead using recurrent
neural networks. We evaluate the prediction performance with the Jórda-Schularick-Taylor …

Emerging market and developing economies have experienced recurrent episodes of rapid
debt accumulation over the past fifty years. This paper examines the consequences of debt …

This paper compares the effectiveness of macroprudential policies (MaPs) and capital
controls (CCs) in influencing the volume and composition of capital inflows, and the …

International financial integration helps to diversify risk but also may spread crises across
countries. We provide a quantitative analysis of this trade-off in a two-country general …

ABSTRACT Official (government-to-government) lending is much larger than commonly
known, often surpassing total private cross-border capital flows, especially during disasters …