Difference between revisions of "European Financial Crises Database"
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== Definition == | == Definition == | ||
| − | The database on financial crises in European countries | + | 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. | 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 === | |
| + | Description of the main data fields collected in the database | ||
| + | |||
| + | * Country (ISO Initials) | ||
| + | * Event (Serial Number) | ||
| + | * Start date (YYYY-MM) | ||
| + | * End of crisis management date (YYYY-MM) | ||
| + | * System back to "normal" date (YYYY-MM) | ||
| + | * Systemic crisis (yes / no) | ||
| + | * Accelerator and motivation (e.g. excessive credit) | ||
| + | * Brief desrciption of the identified event | ||
| + | * Crisis management policies | ||
| + | * External support (yes / no) | ||
| + | * Domestic vs imported (yes / no) | ||
| + | * Date of the first default (or similar event) | ||
| + | * Currency / BoP / Capital flow (yes / no) | ||
| + | * Sovereign (yes / no) | ||
| + | * Banking (yes / no) | ||
| + | * Significant asset price correction (yes / no) | ||
| + | * Transition (yes / no) | ||
| + | * Macroprudentially relevant | ||
| + | * Macroprudential relevance explanation | ||
| − | |||
| + | The crises database is updated on a regular basis. The last update was conducted in December 2021. | ||
== References == | == References == | ||
| − | * [https://www.esrb.europa.eu//pub/fcdb/esrb.fcdb20220120.en.xlsx XLSX File] | + | * [https://www.esrb.europa.eu//pub/fcdb/esrb.fcdb20220120.en.xlsx XLSX File from ESRB Website] |
[[Category:Historical Events]] | [[Category:Historical Events]] | ||
[[Category:European Finance]] | [[Category:European Finance]] | ||
Latest revision as of 13:52, 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
Description of the main data fields collected in the database
- Country (ISO Initials)
- Event (Serial Number)
- Start date (YYYY-MM)
- End of crisis management date (YYYY-MM)
- System back to "normal" date (YYYY-MM)
- Systemic crisis (yes / no)
- Accelerator and motivation (e.g. excessive credit)
- Brief desrciption of the identified event
- Crisis management policies
- External support (yes / no)
- Domestic vs imported (yes / no)
- Date of the first default (or similar event)
- Currency / BoP / Capital flow (yes / no)
- Sovereign (yes / no)
- Banking (yes / no)
- Significant asset price correction (yes / no)
- Transition (yes / no)
- Macroprudentially relevant
- Macroprudential relevance explanation
The crises database is updated on a regular basis. The last update was conducted in December 2021.
