A carregar...
Publicação
Economic growth and banking stability nexus in crisis times
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1.35 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This working paper seeks to confirm the existing evidence on the relationship between banking
sector stability and economic activity. A Panel VAR model on 13 European countries for the
period 1996 – 2014 is used. The level of banking sector stability is proxied by the Z-score,
economic activity is represented by GDP growth while other variables are used in the model as
controls. Analysing three distinct periods – i.e. 1996-2014, 1996-2006 and 2006-2014 – on two
groups of countries – i.e. more and less stable –, the results demonstrate that while countries
appear to behave similarly during calm periods, under more stressful times the outcomes turn
out to be different.
Descrição
Palavras-chave
Economic growth Banking sector stability Financial Crisis Z-score