Difference between revisions of "European Financial Crises Database"
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The database provides precise chronological definitions of crisis periods to support the calibration of models in macroprudential analysis. It identifies financial crises by combining a quantitative approach based on a financial stress index with expert judgement from national and European authorities. | The database provides precise chronological definitions of crisis periods to support the calibration of models in macroprudential analysis. It identifies financial crises by combining a quantitative approach based on a financial stress index with expert judgement from national and European authorities. | ||
− | === Data Fields == | + | === Data Fields === |
* Country | * Country | ||
* Event | * Event | ||
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* Macroprudentially relevant | * Macroprudentially relevant | ||
* Macroprudential relevance explanation | * Macroprudential relevance explanation | ||
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Revision as of 13:46, 8 February 2022
Definition
The European Financial Crises Database is a database on financial crises in European countries.
Objective
Towards establishing common ground for macroprudential oversight and policymaking in the EU. The database allows researchers to look at the different dimensions of crises and draw relevant implications for macroprudential analysis and policy.
Structure
The database provides precise chronological definitions of crisis periods to support the calibration of models in macroprudential analysis. It identifies financial crises by combining a quantitative approach based on a financial stress index with expert judgement from national and European authorities.
Data Fields
- Country
- Event
- Start date
- End of crisis management date
- System back to "normal" date
- Systemic crisis (yes / no)
- Accelerator and motivation
- Brief desrciption of the identified event
- Crisis management policies
- External support
- Domestic vs imported
- Date of the first default (or similar event)
- Currency / BoP / Capital flow
- Sovereign
- Banking
- Significant asset price correction
- Transition
- Macroprudentially relevant
- Macroprudential relevance explanation
The crises database is updated on a regular basis. The last update was conducted in December 2021.