1. bookVolume 7 (2018): Issue 2 (May 2018)
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License
Format
Journal
eISSN
2336-9205
First Published
11 Mar 2014
Publication timeframe
3 times per year
Languages
English
access type Open Access

An Analysis of the Determinants of Systemic Banking Crises in Southeast European Countries

Published Online: 14 May 2018
Volume & Issue: Volume 7 (2018) - Issue 2 (May 2018)
Page range: 165 - 186
Received: 22 Nov 2017
Accepted: 27 Dec 2017
Journal Details
License
Format
Journal
eISSN
2336-9205
First Published
11 Mar 2014
Publication timeframe
3 times per year
Languages
English
Abstract

The purpose of this paper is to determine potential indicators of systemic banking crises in five Southeast European countries. Although signal horizon in the literature usually implies a period of 12 months before and 12 months after a crisis outbreak, models in this paper imply a 24-month pre-crisis period. Probability of a banking crisis occurrence is calculated using logit regression. Results have shown that banking system indicators have higher impact on probability of systemic banking crisis occurrence compared to macroeconomic indicators, and that the banking systems of these countries are significantly exposed to global trends.

Keywords

JEL Classification

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