@inbook{10.2307/j.ctt7sxbq.5, ISBN = {9780691131467}, URL = {http://www.jstor.org/stable/j.ctt7sxbq.5}, abstract = {The last thirty years have seen an impressive number of banking and financial crises all over the world. In an interesting study, Caprio and Klingebiel (1997) identify 112 systemic banking crises in 93 countries and 51 borderline crises in 46 countries since the late 1970s (see also Lindgren et al. 1996). More than 130 out of 180 of the IMF countries have thus experienced crises or serious banking problems. Similarly, the cost of the Savings and Loan crisis in the United States in the late 1980s has been estimated as over USD 150 billion, which is more than the cumulative}, bookauthor = {Jean-Charles Rochet and Jean-Charles Rochet}, booktitle = {Why Are There So Many Banking Crises?: The Politics and Policy of Bank Regulation}, pages = {21--34}, publisher = {Princeton University Press}, title = {Why Are There So Many Banking Crises?}, year = {2008} }