Bank Crises and Sovereign Defaults in Emerging Markets : Exploring the Links

@inproceedings{Balteanu2014BankCA,
  title={Bank Crises and Sovereign Defaults in Emerging Markets : Exploring the Links},
  author={Irina Balteanu and Enrique Alberola and Rebeca Anguren and Fernando Broner and Mathieu Bussi{\`e}re and Juan Fran Jimeno},
  year={2014}
}
  • Irina Balteanu, Enrique Alberola, +3 authors Juan Fran Jimeno
  • Published 2014
Abstract This paper provides a set of stylized facts on the mechanisms through which banking and sovereign distress feed into each other, using a large sample of emerging economies over three decades. We first define “twin crises” as events where banking crises and sovereign defaults combine, and further distinguish between those banking crises that end up in sovereign debt crises, and vice-versa. We then assess what differentiates “single” episodes from “twin” ones. Using an event analysis… CONTINUE READING

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