Do Surges in International Capital Inflows Influence the Likelihood of Banking Crises
Bibliographic Data
| ID | 9704880 |
|---|---|
| Authors | Julián A Caballero (Inter-American Development Bank), Julián Caballero (0000-0003-2367-9725, Inter-American Development Bank, corresponding author) |
| Year | 2016 |
| Volume | 126 |
| Issue | 591 |
| Pages | 281-316 |
| Publication date | 2016-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12172 |
| OpenAlex | W2094679604 |
| Language | EN |
| Citations received | 9 |
| References cited | 55 |
This article asks whether capital inflows bonanzas increase the probability of banking crises and whether this occurs through a lending boom mechanism. Results indicate that bonanzas more than triple the odds of a crisis, raising its probability to 14% (from an unconditional probability of 4%). This effect exists in the absence of a lending boom and is found in both net and gross inflows bonanzas. This effect is driven by portfolio‐equity and debt flows. While the effect of debt is channelled through excessive lending, the effect of portfolio‐equity flows is present even in the absence of a lending boom
Boom · Capital (architecture · Capital flows · Credit risk · Debt · Economics · Equity (law · Financial economics · Financial system · Logistic regression · Macroeconomics · Market economy · Monetary economics · Odds · Portfolio · Probability of default · Banking stability, regulation, efficiency · Finance · Global Financial Crisis and Policies · Islamic Finance and Banking Studies
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| Unique citing works | 9 |
|---|---|
| Citations per year | 1 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 9 |