The effect of loss experiences in a banking crisis on future expectations and behavior

B.E. Journal of Macroeconomics

Volumn 10, Issue 1, 2010, Pages

  Mudd, Shannon ^a   Pashev, Konstantin ^b   Valev, Neven T ^c  

^a HAVERFORD COLLEGE   (United States)

^b NEW BULGARIAN UNIVERSITY   (Bulgaria)

^c GEORGIA STATE UNIVERSITY   (United States)

Author keywords

banking crisis; expectations; investor confidence; trust

Indexed keywords

EID: 78149306920     PISSN: None     EISSN: 19351690     Source Type: Journal    
DOI: 10.2202/1935-1690.2027     Document Type: Article

References (13)

1. Berlemann, Michael, Kalin Hristov and Nikolay Nenovsky (2002), "Lending of Last Resort, Moral Hazard and Twin Crises: Lessons from the Bulgarian Financial Crisis 1996/199," William Davidson Working Paper Number 464 (May).
2. Bulgarian National Bank, Annual Report, various years.
3. Cagan, Philip, (1965), The Demand for Currency Relative to Total Money Supply, NBER Occasional Paper no. 62.
4. Calvo, Guillermo (1986), "Temporary Stabilization: Predetermined Exchange Rates." Journal of Political Economy 94, 1319-1329.
5. Clements, Benedict, and Gerd Schwartz (1992), "Currency Substitution: The Recent Experience of Bolivia," IMF Working Papers no. 92/65.
6. Dobrinsky, Rumen (2000), "The Transition Crisis in Bulgaria," Cambridge Journal of Economics, 24, 581-602.
7. Giuliano, Paola, and Antonio Spilimbergo (2009), "Growing up in a Recession: Beliefs and the Macroeconomy," NBER Working Paper Series no. 15321.
8. IABD, Inter-American Development Bank (2004), Unlocking Credit: The Quest for Deep and Stable Bank Lending, 2005 Report on Economic and Social Progress in Latin America, Washington DC: Inter-American Development Bank and Johns Hopkins Press.
9. King, Robert and Ross Levine (1993), "Finance and Growth: Schumpeter Might Be Right," Quarterly Journal Economics, 108(3), 717-37.
10. Malmendier, Ulrike, and Stefan Nagel (2009), "Learning from Inflation Experiences," Stanford University working paper.
11. Malmendier, Ulrike, and Stefan Nagel (2010), "Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?" Quarterly Journal of Economics, forthcoming.
12. Melvin, Michael and K. Fenske (1992), "Dollarization and Monetary Reform: Evidence from the Cochabamba Region of Bolivia." Revista de Analisis Economico 7(1), 127-138.
13. Osili, Uno and Anna Paulson (2009), "Bank Crises and Investor Confidence," Network Financial Institute (NFI) working paper no. 2009-WP-01.