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01321nam a2200193Ia 4500 |
| 001 |
10.1016-j.ememar.2019.05.003 |
| 008 |
220511s2019 CNT 000 0 und d |
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|a 15660141 (ISSN)
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| 245 |
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|a Taming financial development to reduce crises
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| 260 |
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|b Elsevier B.V.
|c 2019
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| 856 |
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|z View Fulltext in Publisher
|u https://doi.org/10.1016/j.ememar.2019.05.003
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|a This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it appears that financial development, from an institutional dimension and to a lesser extent from a market dimension, triggers financial stability within a 1- to 2-year horizon. Additionally, whereas financial access is destabilizing for advanced countries, it is stabilizing for emerging and low incomes ones. Both results have important implications for macroprudential policies and financial regulations. © 2019 Elsevier B.V.
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|a Banking crises
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|a Financial development
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|a Regulation
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|a Candelon, B.
|e author
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|a Lajaunie, Q.
|e author
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|a Naceur, S.B.
|e author
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| 773 |
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|t Emerging Markets Review
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