Financial Crises: Explanations, Types, and Implications; by Stijn Claessens and M. Ayhan Kose; imf working Paper 13/28; January 1, 2013

Jackson Hole Symposium, hosted by the Federal Reserve Bank of Kansas City.  

 

Forbes, K. J., and F. Warnock, 2012, “Capital Flow Waves: Surges, Stops, Flight, and 

Retrenchment,” Journal of International Economics, Vol. 88, No. 2, pp. 235-51. 

 

Frankel, J. A., and A. K. Rose, 1996, “Currency crashes in emerging markets: An empirical 

treatment,” Journal of International Economics, Vol. 41, Nos. 3-4, pp. 351-66. 

 

Frankel, J., and G. Saravelos, 2012, “Can Leading Indicators Assess Country Vulnerability? 

Evidence from the 2008–09 Global Financial Crisis,” Journal of International 

Economics, Vol. 87, pp. 216–31. 

 

Furceri, D., and A. Zdzienicka, A., 2012, “How Costly Are Debt Crises?” Journal of 

International Money and Finance, Vol. 31. No. 4, pp. 726–42. 

 

Garber, P. M., 2000, Famous First Bubbles: The Fundamentals of Early Manias, Cambridge, 

MA: MIT Press.  

 

Glick R., and M. Hutchison, 2012, Currency Crises, in Elsevier Encyclopedia on Financial 

Globalization. 

 

---

 48 

Goldstein, M., C. Reinhart, and G. Kaminsky, 2000, Assessing financial vulnerability, an 

Early Warning System for Emerging Markets, Peterson Institute for International 

Economics Press, No. 100.  

 

Gorton, G., 1988, “Banking Panics and Business Cycles,” Oxford Economics Papers, 

Vol. 40, pp.751–81. 

 

–––––, 2008, “The Panic of 2007,” in Maintaining Stability in a Changing Financial System, 

Proceedings of the 2008 Jackson Hole Conference, Federal Reserve Bank of Kansas 

City. 

 

–––––, 2009, “Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007,” 

Paper prepared for the Federal Reserve Bank of Atlanta’s 2009 Financial Markets 

Conference: Financial Innovation and Crisis, May 11-13. 

 

–––––, 2012, Misunderstanding Financial Crises: Why We Don’t See Them Coming, Oxford 

University Press.  

 

Gorton G. and G. Ordonez, 2012, “Collateral Crises,” NBER Working Papers, No. 17771, 

National Bureau of Economic Research, Inc. 

 

Gourinchas, P.-O., R. Valdés, and O. Landerretche, 2001, “Lending Booms: Latin America 

and the World,” Economia, Vol. 1, pp. 47-99. 

 

Gupta, P., D. Mishra, and R. Sahay, 2007, “Behavior of Output During Currency Crises,” 

Journal of International Economics, Vol. 72, No. 2, pp. 428-50. 

 

Gurkaynak, R. S., 2008, “Econometric Tests of Asset Price Bubbles: Taking Stock,” Journal 

of Economic Surveys, Vol. 22, No. 1, pp. 166-86.  

 

Haber, S., 2005, “Banking and Economic Growth in Mexico,” Working Paper, Hoover 

Institution.  

 

Harrison, J. M., and D. M. Kreps, 1978, “Speculative Investor Behavior in a Stock Market 

with Heterogeneous Expectations,” The Quarterly Journal of Economics, Vol. 92. 

No. 2, pp. 323-36. 

 

Heath, Robert, 2013, “Why are the G-20 Data Gaps Initiative and the SDDS Plus Relevant 

for Financial Stability Analysis?” IMF Working Paper, No. 13/6, Washington, D.C.  

 

Hirata, H., M. A. Kose, C. Otrok, and M. E. Terrones, 2012, “Global House Price 

Fluctuations: Synchronization and Determinants,” in Francesco Giavazzi and 

Kenneth West, eds. NBER International Seminar on Macroeconomics 2012, National 

Bureau of Economic Research. 

 

---

 49 

Hong, H., J. Scheinkman, and W. Xiong, 2008, “Advisors and Asset Prices: A Model of the 

Origins of Bubbles,” Journal of Financial Economics, Vol. 89, No. 2, pp. 268-87.  

 

Honohan, P. and L. Laeven (eds.), 2007, Systemic Financial Crises, Cambridge Books, 

Cambridge University Press, 

 

Howard, G., R. Martin, B. A. Wilson, 2011, “Are Recoveries from Banking and Financial 

Crises Really So Different?” Board of Governors of the Federal Reserve System, 

International Finance Discussion Papers, Working Paper Number 1037.  

 

Igan, D., D. Leigh, J. Simon, and P. Topalova, 2013, “Dealing with Household Debt,” in S. 

Claessens, M. A. Kose, L. Laeven, and F. Valencia, eds., Financial Crises,