## Abstract I estimate a multivariate probit model to identify key variables that are predictive of banking crises. To add to the literature on this subject, I focus on the role played by unofficial dollarization of domestic banking systems. Unofficial dollarization is a source of vulnerability for
Banking crises and exchange rate regimes: is there a link?
✍ Scribed by Ilker Domaç; Maria Soledad Martinez Peria
- Book ID
- 117140186
- Publisher
- Elsevier Science
- Year
- 2003
- Tongue
- English
- Weight
- 137 KB
- Volume
- 61
- Category
- Article
- ISSN
- 0022-1996
No coin nor oath required. For personal study only.
📜 SIMILAR VOLUMES
We investigate the effects of alternative exchange rate regimes on the probability of banking crises using a new set of classifications from the IMF that allows us to distinguish between hard and soft pegs. We find that this distinction is quite important and helps explain some of the contradictory
## Abstract Though currency and debt crises quite often occur simultaneously, the links between these two types of crises are not well understood. We review how currency and debt crises could be related due to common causes, contagion effects from one crisis to the other, and complementary budget f