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Contagion and banking crisis - International evidence for 2007-2009

Dungey, Mardi; Gajurel, Dinesh

Description

Policy makers aim to avoid banking crises, and although they can to some extent control domestic conditions, internationally transmitted crises are difficult to tackle. This paper identifies international contagion in banking during the 2007-2009 crisis for 54 economies. We identify three channels of contagion - systematic, idiosyncratic and volatility - and find evidence for these in 45 countries. Banking crises are overwhelmingly associated with the presence of both systematic and...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
URI: http://hdl.handle.net/1885/98536
Source: Journal of Banking and Finance
DOI: 10.1016/j.jbankfin.2015.08.007

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