Replication data for: From Financial Crash to Debt Crisis
Principal Investigator(s): View help for Principal Investigator(s) Carmen M. Reinhart; Kenneth S. Rogoff
Version: View help for Version V1
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| Reinhart_Rogoff_20080344_Data | 10/11/2019 03:56:PM | ||
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Project Citation:
Reinhart, Carmen M., and Rogoff, Kenneth S. Replication data for: From Financial Crash to Debt Crisis. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112444V1
Project Description
Summary:
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Newly developed historical time series on public debt, along with data on external debts, allow a deeper analysis of the debt cycles underlying serial debt and banking crises. We test three related hypotheses at both "world" aggregate levels and on an individual
country basis. First, external debt surges are an antecedent to banking crises. Second, banking crises (domestic and those in financial centers) often precede or accompany sovereign debt crises; we find they help predict them. Third, public borrowing surges ahead of external sovereign default, as governments have "hidden domestic debts" that exceed the better documented levels of external debt. (JEL E44, F34, F44, G01, H63, N20)
Scope of Project
JEL Classification:
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E44 Financial Markets and the Macroeconomy
F34 International Lending and Debt Problems
F44 International Business Cycles
G01 Financial Crises
H63 National Debt; Debt Management; Sovereign Debt
N20 Economic History: Financial Markets and Institutions: General, International, or Comparative
E44 Financial Markets and the Macroeconomy
F34 International Lending and Debt Problems
F44 International Business Cycles
G01 Financial Crises
H63 National Debt; Debt Management; Sovereign Debt
N20 Economic History: Financial Markets and Institutions: General, International, or Comparative
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