Assessing the robustness of the relationship between financial reforms and banking crises
- Autores
- Gluzmann, Pablo Alfredo; Guzmán, Martín
- Año de publicación
- 2017
- Idioma
- inglés
- Tipo de recurso
- artículo
- Estado
- versión publicada
- Descripción
- This paper provides a novel approach for assessing the robustness of the relationship between different types of financial reforms and banking crises for the period 1973– 2005. We document the following facts for emerging economies: (i) liberalizations of capital accounts, securities markets, interest rates, removal of credit controls, barriers to entry, and reduction of state ownership in the banking sector, all are positively associated with a higher frequency of banking crises; (ii) the increase in financial turbulence is mainly concentrated within a time-window of five years after the reforms: If a country does not experience a banking crisis within that period, the probability of experiencing a crisis afterwards becomes insignificant; and (iii) the results are robust to the inclusion of all control variables that have been found in the literature as significant determinants of banking crises.
Facultad de Ciencias Económicas - Materia
-
Ciencias Económicas
Financial reforms
Banking crise
Robustness - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by-nc-sa/4.0/
- Repositorio
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/150902
Ver los metadatos del registro completo
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Assessing the robustness of the relationship between financial reforms and banking crisesGluzmann, Pablo AlfredoGuzmán, MartínCiencias EconómicasFinancial reformsBanking criseRobustnessThis paper provides a novel approach for assessing the robustness of the relationship between different types of financial reforms and banking crises for the period 1973– 2005. We document the following facts for emerging economies: (i) liberalizations of capital accounts, securities markets, interest rates, removal of credit controls, barriers to entry, and reduction of state ownership in the banking sector, all are positively associated with a higher frequency of banking crises; (ii) the increase in financial turbulence is mainly concentrated within a time-window of five years after the reforms: If a country does not experience a banking crisis within that period, the probability of experiencing a crisis afterwards becomes insignificant; and (iii) the results are robust to the inclusion of all control variables that have been found in the literature as significant determinants of banking crises.Facultad de Ciencias Económicas2017info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticulohttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/150902enginfo:eu-repo/semantics/altIdentifier/issn/1873-0612info:eu-repo/semantics/altIdentifier/doi/10.1016/j.intfin.2017.02.003info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-03T11:10:54Zoai:sedici.unlp.edu.ar:10915/150902Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-03 11:10:54.94SEDICI (UNLP) - Universidad Nacional de La Platafalse |
dc.title.none.fl_str_mv |
Assessing the robustness of the relationship between financial reforms and banking crises |
title |
Assessing the robustness of the relationship between financial reforms and banking crises |
spellingShingle |
Assessing the robustness of the relationship between financial reforms and banking crises Gluzmann, Pablo Alfredo Ciencias Económicas Financial reforms Banking crise Robustness |
title_short |
Assessing the robustness of the relationship between financial reforms and banking crises |
title_full |
Assessing the robustness of the relationship between financial reforms and banking crises |
title_fullStr |
Assessing the robustness of the relationship between financial reforms and banking crises |
title_full_unstemmed |
Assessing the robustness of the relationship between financial reforms and banking crises |
title_sort |
Assessing the robustness of the relationship between financial reforms and banking crises |
dc.creator.none.fl_str_mv |
Gluzmann, Pablo Alfredo Guzmán, Martín |
author |
Gluzmann, Pablo Alfredo |
author_facet |
Gluzmann, Pablo Alfredo Guzmán, Martín |
author_role |
author |
author2 |
Guzmán, Martín |
author2_role |
author |
dc.subject.none.fl_str_mv |
Ciencias Económicas Financial reforms Banking crise Robustness |
topic |
Ciencias Económicas Financial reforms Banking crise Robustness |
dc.description.none.fl_txt_mv |
This paper provides a novel approach for assessing the robustness of the relationship between different types of financial reforms and banking crises for the period 1973– 2005. We document the following facts for emerging economies: (i) liberalizations of capital accounts, securities markets, interest rates, removal of credit controls, barriers to entry, and reduction of state ownership in the banking sector, all are positively associated with a higher frequency of banking crises; (ii) the increase in financial turbulence is mainly concentrated within a time-window of five years after the reforms: If a country does not experience a banking crisis within that period, the probability of experiencing a crisis afterwards becomes insignificant; and (iii) the results are robust to the inclusion of all control variables that have been found in the literature as significant determinants of banking crises. Facultad de Ciencias Económicas |
description |
This paper provides a novel approach for assessing the robustness of the relationship between different types of financial reforms and banking crises for the period 1973– 2005. We document the following facts for emerging economies: (i) liberalizations of capital accounts, securities markets, interest rates, removal of credit controls, barriers to entry, and reduction of state ownership in the banking sector, all are positively associated with a higher frequency of banking crises; (ii) the increase in financial turbulence is mainly concentrated within a time-window of five years after the reforms: If a country does not experience a banking crisis within that period, the probability of experiencing a crisis afterwards becomes insignificant; and (iii) the results are robust to the inclusion of all control variables that have been found in the literature as significant determinants of banking crises. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Articulo http://purl.org/coar/resource_type/c_6501 info:ar-repo/semantics/articulo |
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article |
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publishedVersion |
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http://sedici.unlp.edu.ar/handle/10915/150902 |
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http://sedici.unlp.edu.ar/handle/10915/150902 |
dc.language.none.fl_str_mv |
eng |
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eng |
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info:eu-repo/semantics/altIdentifier/issn/1873-0612 info:eu-repo/semantics/altIdentifier/doi/10.1016/j.intfin.2017.02.003 |
dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
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openAccess |
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http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
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application/pdf |
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