A New Database for Financial Crises in European Countries: ECB/ESRB EU Crises Database

  title={A New Database for Financial Crises in European Countries: ECB/ESRB EU Crises Database},
  author={Marco Lo Duca and Anne Koban and Marisa Basten and Elias Bengtsson and Benjamin Klaus and Piotr Kuśmierczyk and Jan Hannes Lang and Carsten Detken and Tuomas Peltonen},
  journal={International Political Economy: Investment \& Finance eJournal},
This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to support the calibration of models in macroprudential analysis. An important contribution of this work is the identification of financial crises by combining a quantitative approach based on a financial… 
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