For the first time since 1982, in 2009, global trade flows will not grow. According to the latest IMF projections global trade in goods and services is expected to drop by 11% during 2009 and to stagnate in year 2010. The recent collapse in exports following the unfolding of the financial crisis has generated new pressing questions about the relationship between banking crises and exports growth. Are the supply shocks due to the collapse in the banking system responsible for the falls in exports? Or is what we observe completely attributable to the demand side where we have also observed unprecedented drops particularly in developed countries? In Iacovone and Zavacka (2009) we explore these questions using data, below, from 23 past banking crises episodes involving both developed and developing countries during 1980-2000.
Kind of Data
Aggregate data [agg]
Producers and sponsors
Authoring entity/Primary investigators
Leonardo Iacovone (World Bank) and Veronika Zavacka (Graduate Institute for International and Development Studies)
Dates of Data Collection (YYYY/MM/DD)
Time periods (YYYY/MM/DD)
Mode of data collection
Use of the dataset must be acknowledged using a citation which would include:
- the Identification of the Primary Investigator
- the title of the survey (including acronym and year of implementation)
- the survey reference number
- the source and date of download
Leonardo Iacovone and Veronika Zavacka. Banking Crisis and Exports (BCE) 1980-2006. Ref. WLD_2006_BCE_v01_M. Dataset downloaded from http://microdata.worldbank.org on [date].
Disclaimer and copyrights
The user of the data acknowledges that the original collector of the data, the authorized distributor of the data, and the relevant funding agency bear no responsibility for use of the data or for interpretations or inferences based upon such uses.