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 …

This paper presents a new database of systemic banking crises for the period 1970-2009.
While there are many commonalities between recent and past crises, both in terms of …

This paper updates the database on systemic banking crises presented in Laeven and
Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe …

The lingering effects of the economic crisis are still visible—this shows a clear need to improve
our understanding of financial crises. This book surveys a wide range of crises, including …

The proposed SDN would take stock of the current debate on the shape that monetary
policy should take after the crisis. It revisits the pros and cons of expanding the objectives of …

This paper builds a novel database on the effects of macroprudential policy drawing from 58
empirical studies, comprising over 6,000 results on a wide range of instruments and …

A long-standing conjecture in macroeconomics is that recent declines in exchange rate pass-through
are in part due to improved monetary policy performance. In a large sample of …

Recent studies show that uncertainty shocks have quantitatively important effects on the
real economy. This paper examines one particular channel at work: the supply of credit. It …

Using precautionary savings models we compute levels of optimal reserves for Bolivia. Because
of Bolivia's reliance on commodity exports and little integration with capital markets, we …

Over the past two decades, Mexico has hedged oil price risk through the purchase of put
options. We examine the resulting welfare gains using a standard sovereign default model …