IDENTIFICATION OF PERIODS OF FINANCIAL CRISIS

Welcome to the discussion

  • О.V. Perepeliukova Institute of Economic and Legal Researches of the NAS of Ukraine, Kyiv
  • S.M. Bulkin Simon Kuznets Kharkiv National University of Economics, Kharkiv

Abstract

The periodization of financial crises in Ukraine has been conducted since 2007 to the present. It is determined that the main manifestations of such a crisis are banking, currency, debt and equity. On the basis of the revealed dynamics of simultaneous indicators of the financial crisis, the criteria for its identification according to the relevant manifestations are identified and formally presented.


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Keywords

financial crisis, crisis manifestation, periodization of crisis, currency crisis, bank crisis, debt crisis, stock crisis, criteria for crisis identification

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References

1. Maurin L., Toivanen M. Risk, capital buffer and bank lending a granular approach to the adjustment of euro
area banks. ECB Working Paper Series No. 1499, 2012. URL: http://econpapers.repec.org/paper/ecbecbwps/20121499.htm (дата звернення 20.05.2017).

2. Claessens S., Kose M. Financial Crises: Explanations, Types and Implications. IMF Working Paper No. 13/28. Washington: International Monetary Fund, 2013. URL: https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Financial-Crises-Explanations-Types-and-Implications-40283 (дата звернення 13.05.2017).

3. Kaminsky G., Lizondo S., Reinhart C. Leading Indicators of Currency Crisis. IMF Staff Papers. 1998. Vol. 45. No. 1. URL: https://www.imf.org/external/Pubs/FT/staffp/1998/03-98/kaminsky.htm (дата звернення 11.05.2017).

4. Davis P., Karim D. Comparing Early Warning Systems for Banking Crises. URL: http://www.ephilipdavis.com/
early warning.pdf (дата звернення 11.05.2017).

5. Mulder C., Pirelli R., Rocha M. The role of corporate, legal and macroeconomic balance sheet indicators in crisis detection and prevention. IMF Working Papers. No. 02/59. Washington: International Monetary Fund, 2016. URL: http://www.tandfonline.com/doi/abs/10.1080/1540496X.2016.1158545 (дата звернення 11.05.2017).

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7. Kaminsky G.L., Reinhart C.M. On Crises, Contagion, and Confusion, Crises. URL: http://download.thelancet.com/flatcontentassets/H1N1-flu/preparedness/preparedness-14.pdf (дата звернення 11.05.2017).

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9. US Business Cycle Expansions and Contractions. The National Bureau of Economic Research. URL: http://www.nber.org/cycles.html (дата звернення 11.05.2017).

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Published
2017-10-25