Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75910
Authors: 
Mendis, Chandima
Year of Publication: 
2002
Series/Report no.: 
CESifo Working Paper 759
Abstract: 
This paper examines some determinants of banking crises in developing economies. Specifically, the effects of terms of trade shocks and capital flows are analyzed. The choice of the nominal exchange rate regime is found to be a crucial factor in the way various shocks are transmitted through the monetary sector. A logit model is used on panel data and preliminary results indicate that countries with flexible regimes were able to lessen the impact of external shocks on the domestic economy. This in turn reduced the likelihood of banking crises.
Subjects: 
banking crises
shocks
exchange rates
Document Type: 
Working Paper

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