European Financial Crises Database
From Open Risk Manual
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Definition
The database on financial crises in European countries is an important step towards establishing common ground for macroprudential oversight and policymaking in the EU.
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 will allow researchers to look at the different dimensions of crises and draw relevant implications for macroprudential analysis and policy.
The crises database will be updated on a regular basis. The last update was conducted in December 2021.
