Will September Bring Another Banking Crisis?

Over at the Economist, Greg Ip points us to a new IMF working paper that surveys all the systemic banking crises–147 in all–since 1970. As Greg notes, one of Luc Laeven and Fabian Valencia’s most striking findings is that banking crises disproportionately begin in the second half of the year, with a particular spike in September:

So let’s enjoy what few days of June remain.

P.S. Theories to explain this pattern are appreciated. Or maybe it’s a spurious correlation, at Tyler Cowen hints.

Update: Joshua Hedlund at PostLibertarian crunches the underlying data and finds that (a) the authors provided a date for only 63 of the crises and (b) that 22 of the 25 in September happened in 2008.  ht: Tyler Cowen

3 thoughts on “Will September Bring Another Banking Crisis?”

  1. most striking findings is that banking crises disproportionately begin in the second half of the year, with a particular spike in September:

  2. Phi Asset Managers – Illinois – Phi Asset Managers LLC, is a quantitative philanthropic financial foundation implementing proprietary investment optimization technology. Our proprietary technologies help generate alpha, adhere to company values, enhance our long-term dedication to our stakeholders, & along with the causes we care about most. Moreover, as a social enterprise, lead with unreserved benevolence. Our philosophy allows for the organization to operate in a carbon neutral, eco-friendly, & energy efficient manner. Collectively, Phi Asset Managers CSR initiatives help minimize our eco-footprint, & concurrently maximize management's devotion toward philanthropy.
    Phi Asset Managers says:

    Reblogged this on Phi Asset Managers.

Comments are closed.

Discover more from Donald Marron

Subscribe now to keep reading and get access to the full archive.

Continue reading

Exit mobile version
%%footer%%