© 2008 International Monetary Fund WP/08/224
IMF Working Paper
Research Department
Systemic Banking Crises: A New DatabasePrepared by Luc Laeven and Fabian Valencia
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Authorized for distribution by Stijn Claessens
Nove
mber 2008
Abstract
This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily representthose of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
This paper presents a new database on the timing of systemic banking crises and policyresponses to resolve them. The database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and resolution policies for 42crisis episodes, and also includes data on the timing of currency crises and sovereign debtcrises. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera(2005) banking crisis database, and is the most complete and detailed database on bankingcrises to date.JEL Classification Numbers: G21, G28Keywords: banking crisis, financial crisis, crisis resolution, databaseAuthor
’
s E-Mail Address: LLaeven@imf.org,Fvalencia@imf.org
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Laeven is affiliated with the International Monetary Fund (IMF) and the Center for Economic Policy Research(CEPR) and Valencia is affiliated with the IMF. The authors thank Olivier Blanchard, Eduardo Borensztein, MartinCihak, Stijn Claessens, Luis Cortavarria-Checkley, Giovanni dell’Ariccia, David Hoelscher, Simon Johnson,Ashok Mody, Jonathan Ostry, and Bob Traa for comments and discussions, and Ming Ai, Chuling Chen, andMattia Landoni for excellent research assistance.
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