Replication data for: Recovery from Financial Crises: Evidence from 100 Episodes

Principal Investigator(s): View help for Principal Investigator(s) Carmen M. Reinhart; Kenneth S. Rogoff

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P2014_1107_data			10/11/2019 10:30:PM
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Project Citation:

Reinhart, Carmen M., and Rogoff, Kenneth S. Replication data for: Recovery from Financial Crises: Evidence from 100 Episodes. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112813V1

Project Description

Summary: We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about 8 years to reach the pre-crisis level of income; the median is about 6.5 years. Five to six years after the onset of crisis, only Germany and the United States (out of 12 systemic cases) have reached their 2007-2008 peaks in real income. Forty-five percent of the episodes recorded double dips. Post-war business cycles are not the relevant comparator for the recent crises in advanced economies.

Scope of Project

JEL Classification:
      E23 Macroeconomics: Production
      E32 Business Fluctuations; Cycles
      E44 Financial Markets and the Macroeconomy
      G01 Financial Crises
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      N10 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: General, International, or Comparative
      N20 Economic History: Financial Markets and Institutions: General, International, or Comparative

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V1 [2019-10-11]

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