Publication:
Banking Crises and Exports : Lessons from the Past

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dc.contributor.authorZavacka, Veronika
dc.contributor.authorIacovone, Leonardo
dc.date.accessioned2012-03-19T19:11:56Z
dc.date.available2012-03-19T19:11:56Z
dc.date.issued2009-08
dc.description.abstractThis paper analyzes the impact of banking crises on manufacturing exports exploiting the fact that sectors differ in their needs for external financing. Relying on data from 23 banking crises episodes involving both developed and developing countries during the period 1980-2000 the authors separate the impact of banking crises on export growth from that of other exogenous shocks (i.e. demand shocks). Their findings show that during a crisis the export of sectors more dependent on external finance grow significantly less than other sectors. However, this result holds only for sectors depending more heavily on banking finance as opposed to inter-firm finance. Furthermore, sectors characterized by higher degree of assets tangibility appear to be more resilient in the face of a banking crisis. The effect of the banking crises on exports is robust and additional to external demand shocks. The effect of the latter is independent and additional to that of a banking shock, and is particularly significant for sectors producing durable goods.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090818165636
dc.identifier.doi10.1596/1813-9450-5016
dc.identifier.urihttps://hdl.handle.net/10986/4213
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5016
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO FINANCE
dc.subjectADVERSE DEMAND
dc.subjectADVERSE EFFECT
dc.subjectADVERSE IMPACT
dc.subjectADVERSE SELECTION
dc.subjectALLOCATION OF CAPITAL
dc.subjectALTERNATIVE SOURCES OF FINANCE
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEET EFFECTS
dc.subjectBALANCE SHEETS
dc.subjectBANK BRANCH
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBENCHMARK
dc.subjectBIASES
dc.subjectBOOK VALUE
dc.subjectBOOK VALUES
dc.subjectBUSINESS CYCLE
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL INTENSITY
dc.subjectCASH FLOW
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCOLLATERAL
dc.subjectCOLLATERALS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCOST OF ENTRY
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT CRUNCH
dc.subjectCREDIT MARKETS
dc.subjectCREDIT PROVIDERS
dc.subjectCREDIT PROVISION
dc.subjectCRISIS COUNTRIES
dc.subjectCURRENCY
dc.subjectCURRENCY CRISES
dc.subjectCURRENCY CRISIS
dc.subjectDATA AVAILABILITY
dc.subjectDEBT RELIEF
dc.subjectDEPENDENCE ON TRADE CREDIT
dc.subjectDEPOSITOR
dc.subjectDEREGULATION
dc.subjectDEVALUATION
dc.subjectDEVALUATIONS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC BANKING
dc.subjectDUMMY VARIABLE
dc.subjectDURABLE
dc.subjectDURABLE GOODS
dc.subjectDURABLES
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DOWNTURNS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC RESEARCH
dc.subjectEMERGING MARKETS
dc.subjectENDOWMENTS
dc.subjectEQUIPMENT
dc.subjectEQUITY MARKET
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE INSTABILITY
dc.subjectEXCLUSION
dc.subjectEXCLUSIONS
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKETS
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL FUNDS
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CONSTRAINTS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL FACTORS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIARY
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL MEASURES
dc.subjectFINANCIAL NEEDS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIXED COST
dc.subjectFIXED COSTS
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN LOANS
dc.subjectFOREIGN MARKET
dc.subjectFOREIGN MARKETS
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGUARANTEE SCHEMES
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINTANGIBLE
dc.subjectINTERNAL FUNDS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORIES
dc.subjectLEGAL ENVIRONMENT
dc.subjectLENDERS
dc.subjectLIBERALIZATIONS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY PROBLEMS
dc.subjectLONG TERM FINANCING
dc.subjectLONG-TERM INVESTMENTS
dc.subjectMACROECONOMIC SHOCKS
dc.subjectMARKET VALUE
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARD
dc.subjectNATIONAL BANK OF BELGIUM
dc.subjectNATURAL RESOURCES
dc.subjectNON-PERFORMING LOANS
dc.subjectOUTPUT
dc.subjectPER CAPITA INCOME
dc.subjectPHYSICAL CAPITAL
dc.subjectPORTFOLIOS
dc.subjectPRIVATE BORROWERS
dc.subjectPRIVATE CREDIT
dc.subjectREAL GDP
dc.subjectREAL INCOME
dc.subjectRECESSION
dc.subjectRECESSIONS
dc.subjectSIDE EFFECTS
dc.subjectSOLVENCY
dc.subjectSOVEREIGN DEFAULTS
dc.subjectSUNK COSTS
dc.subjectSUPPLY OF FINANCING
dc.subjectSUPPLY SHOCKS
dc.subjectTANGIBLE ASSETS
dc.subjectTRADE CREDIT
dc.subjectTRADE FINANCE
dc.subjectTRADE FLOWS
dc.subjectTRADING
dc.subjectUSE OF COLLATERAL
dc.subjectVOLATILITY
dc.subjectWORKING CAPITAL
dc.subjectWORLD ECONOMY
dc.subjectMicrodata Set
dc.titleBanking Crises and Exports : Lessons from the Pasten
dspace.entity.typePublication
okr.crossref.titleBanking Crises And Exports: Lessons From The Past
okr.dataset.urlhttps://datacatalog.worldbank.org/node/97669
okr.date.doiregistration2025-04-10T12:07:25.651817Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090818165636
okr.guid188181468340170229
okr.identifier.doi10.1596/1813-9450-5016
okr.identifier.externaldocumentum000158349_20090818165636
okr.identifier.internaldocumentum10964379
okr.identifier.reportWPS5016
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/08/18/000158349_20090818165636/Rendered/PDF/WPS5016.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.relation.associateddatasethttp://microdata.worldbank.org/index.php/catalog/426
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication734ee1fb-8c6d-5f35-94cf-b5d89ace0d98
relation.isAuthorOfPublication.latestForDiscovery734ee1fb-8c6d-5f35-94cf-b5d89ace0d98
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
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