Contagion in Banking Crises: A Spatial Probit Model

• Autor(es): Amaral, Andrea ; Abreu, Margarida ; Mendes, Victor
• Data: 2010
• Identificador Persistente: http://hdl.handle.net/10400.5/2510
• Origem: Repositório da UTL
• Assunto(s): Spatial Probit; banking crises; contagion
• Tipo de Documento: Outro
• Idioma: Inglês

Descrição

We use a spatial Probit model to study banking crises and show that the probability of a systemic banking crisis depends on contagion and that this effect may result from business connections between institutions or from similarities between banking systems.