Systemic Banking Crises Database: An Update

TLDR

The database covers all systemic banking, currency, and sovereign debt crises from 1970 to 2011. The authors aim to update the Laeven and Valencia banking crises database with recent and ongoing crisis data, including policy responses, fiscal costs, output losses, and public debt increases. They extend the database by adding new crisis entries and revising the dating of sovereign debt and currency crises. The updated data reveal marked differences in policy responses between advanced and emerging economies while showing many similarities between past and ongoing crises.

Abstract

We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970–2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.