Economics of Crisis

A scholarly consortium on the causes, policies, and impacts of global financial crises

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Analysis of Crises

  • *Financial Crises Databases
  • *Regulatory and Monitoring Structures
  • A New Financial Architecture
  • American Crisis 2008: Causes and Outcomes of the Crisis
  • American Crisis 2008: Empirical Work on the Crisis
  • American Crisis 2008: High-Level Meetings
  • American Crisis 2008: New Financial Architecture
  • American Crisis 2008: Regions Outside US, EU
  • American Crisis 2008: Timeline of Events
  • American Crisis 2008: US, Europe
  • American Crisis 2008: Vulnerable Groups
  • Members
  • Policies: Lessons from the 1980s Debt Default Crises
  • Policies: Lessons from the Asian Financial Crisis
  • Policies: Lessons from the Early Nineties Developed Country Crises
  • Policies: Lessons from the Great Depression, 1929
  • Resources: Websites and Articles

*Financial Crises Databases

From the World Bank/ IMF: Luc Laeven and Fabian Valencia (2008) created an updated database on systemic banking crises between 1970 and 2007.  The database "has detailed data on crisis containment and resolution policies for 42 crisis episodes, and also includes data on the timing of currency crises and sovereign debt crises. 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 banking crises to date."  http://www.luclaeven.com/Data.htm


Data sets from Andrew Rose at Berkeley can be found at http://faculty.haas.berkeley.edu/arose/RecRes.htm#Software.  Dr. Rose offers data on the current crisis:

“The Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure”  (with Mark Spiegel).  The line: countries with greater trade and financial exposure to the United States had smaller crises in 2008.  Forthcoming, Pacific Economic Review.  A draft is available as a PDF file.  NBER WP 15358.  CEPR Discussion Paper 7466.  A Powerpoint presentation is available. The STATA-10 data set.  Key output. 

“The Causes and Consequences of the 2008 Crisis: Early Warning” (with Mark Spiegel).  The line: it's easier to figure out which countries were affected by the 2008 financial crisis than why.  Forthcoming, Global Journal of Economics.  NBER WP 15357.  CEPR Discussion Paper 7354.  A draft is available as a PDF file.  A simpler version is available (from Vox)/  A Powerpoint presentation is available.  The STATA-10 data set.  Key output.