Credit booms, financial fragility and banking crises

Fielding, David and Rewilak, Johan (2015). Credit booms, financial fragility and banking crises. Economics Letters, 136 , pp. 233-236.


Using a new country-level panel database, we explore effect of capital inflow surges, credit booms and financial fragility on the probability of banking crises. We find that booms increase the probability of a crisis only in relatively fragile financial systems.

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Divisions: Aston Business School
Additional Information: © 2015 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (
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Related URLs: https://www.sci ... 165176515003997 (Publisher URL)
Published Date: 2015-11
Authors: Fielding, David
Rewilak, Johan ( 0000-0001-5337-8873)



Version: Published Version

License: Creative Commons Attribution

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