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Early warning indicators for systemic banking crises: Household debt and property prices

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dc.contributor.authorSamad K.A.en_US
dc.contributor.authorDaud S.N.M.en_US
dc.contributor.authorDali N.R.S.M.en_US
dc.date.accessioned2024-05-29T02:04:07Z
dc.date.available2024-05-29T02:04:07Z
dc.date.issued2020
dc.descriptionVolume :54 No:1en_US
dc.description.abstractThe 2008 financial crisis was the result of escalating house prices and a hasty increase in household debt. In a sample of 41 advanced and emerging countries, this paper employs a logit estimation model to examine the role of household debt and house price as indicators of systemic banking for the period of 1980 until 2018. The results confirm that a high growth in household debt and house price increase enhances the probability for crises to erupt. While this is a consistent evidence for advanced economies, an observation of emerging economies suggests that only a change in household debt and not a change in house prices may cause banking crises to erupt. Policymakers can thus design predictive EWS models based on the surge in household debt and house prices prior to the crises which would lessen, if not alleviate, the effect of upcoming economic shocks by monitoring the macroeconomic changes. � 2020 Penerbit Universiti Kebangsaan Malaysia. All rights reserved.en_US
dc.identifier.doi10.17576/JEM-2020-5401-9
dc.identifier.epage134
dc.identifier.issn1261962
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85095827824
dc.identifier.spage121
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85095827824&doi=10.17576%2fJEM-2020-5401-9&partnerID=40&md5=0eb86c103e83fefd3bba5c4932f16c21
dc.identifier.urihttps://www.ukm.my/fep/jem/content/2020.html
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/10283
dc.identifier.volume54
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherPenerbit Universiti Kebangsaan Malaysiaen_US
dc.relation.ispartofJournal of Islamic Marketingen_US
dc.sourceScopus
dc.subjectBanking crisesen_US
dc.subjectEarly Warning Signalen_US
dc.subjectHouse pricesen_US
dc.subjectHousehold debten_US
dc.subjectLogiten_US
dc.titleEarly warning indicators for systemic banking crises: Household debt and property pricesen_US
dc.title.alternativePenunjuk Amaran Awal untuk Krisis Perbankan Bersistem: Hutang Isi Rumah dan Harga Perumahanen_US
dc.typeArticleen_US
dspace.entity.typePublication

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