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"Excessive Risk-Taking, Banking Sector Fragility, and Banking Crises"

Aykut Kibritcioglu

 

First Author :

Aykut Kibritcioglu
Economics
University of Illinois at Urbana-Champaign
1206 S. Sixth Street, M/C 706
Champaign, IL 61820
USA

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http://politics.ankara.edu.tr/~kibritci/

 
 
Abstract :
 
In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, construction of a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables such as the level of non-performing loans. Accordingly, existing methods used to pinpoint banking crisis years are generally event-based, such as that used by Caprio and Klingebiel (1996 and 1999) and Lindgren et al. (1996). This paper, however, proposes a weighted banking sector fragility index to measure the changes in banks' vulnerability to crisis. Using monthly sectoral data for selected 22 countries, it is argued that this type of a fragility index seems to be highly useful in measurement and monitoring of banking sector fragility.
 
 
JEL Classification : E44 , G21
 
 
Keywords :
 
and Venezuela, Argentina, banking crises, Banking sector fragility, Bolivia, Brazil, Chile, Indonesia, Israel, Pakistan, Paraguay, Peru, Philippines, Senegal, South Korea, Sweden, Thailand, Trinidad and Tobago, Turkey, Uruguay
 
 
Manuscript Received : 2002
Manuscript Published : 2002
 
 
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