Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/331348 
Year of Publication: 
2025
Series/Report no.: 
IES Working Paper No. 10/2025
Publisher: 
Charles University in Prague, Institute of Economic Studies (IES), Prague
Abstract: 
This paper deals with the effectiveness of crisis management measures used by national authorities to tackle a systemic banking crisis. Quarterly panel dataset of 69 countries over the time span 1970 to 2023 was created and a total of 54 crisis periods were examined based on the identification of various sources. The estimation employs two-way fixed effects model in difference-in-differences design to examine the effect of individual policies on the economy as represented by real GDP, house prices and credit. We find a significant effect of bank nationalizations and deposit freezes on the increases of real GDP growth and nominal house prices growth. On the contrary, we were not able to draw any conclusions from the analysis of the remaining measures such as liquidity support, bank recapitalizations or asset purchases.
Subjects: 
State financial support
Bailout
Economic growth
Financial stability
Systemic banking crisis
JEL: 
G01
G21
G28
E65
Document Type: 
Working Paper

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