Panicos Demetriades, David Fielding, Johan Rewilak, 02 October 2015

There is a pressing need to understand the characteristics of financial systems that are vulnerable to crises, and the mechanisms through which crises are initiated and propagated. To address such a need, this column presents a new international database on financial fragility for 124 countries between 1998 and 2012. The novelties and main features of the databases are also highlighted.

CEPR Policy Research