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This paper investigates the relationship between stock market crashes and banking crises across 14 countries over three decades, aiming to understand if asset price movements impact banking stability. The findings indicate no systematic association between equity market crises and banking crises, with evidence suggesting that both types of crises have become less severe over time. Additionally, the paper highlights the complexities in measuring banking crises and raises empirical questions regarding the tim
- Author
- Đức Thịnh Phan
- Language
- EN