Latvia vs Mongolia: Banking crisis dummy
Banking crisis dummy over time
- Latvia
- Mongolia
How they compare
Latvia currently reports 0 1=banking crisis, 0=none against 0 1=banking crisis, 0=none in Mongolia, a difference of 0 1=banking crisis, 0=none.
The two have swapped places 4 times across 48 shared years of data; in 1970 it was Mongolia ahead.
Latvia ranks 4th and Mongolia ranks 4th of 214 countries.
Latvia has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Latvia | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | — |
| 1980s | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | — |
| 1990s | 0.2 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 0.2 1=banking crisis, 0=none | Latvia |
| 2000s | 0.2 1=banking crisis, 0=none | 0.2 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | — |
| 2010s | 0.375 1=banking crisis, 0=none | 0 1=banking crisis, 0=none | 0.375 1=banking crisis, 0=none | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher banking crisis dummy, Latvia or Mongolia?
- Latvia, at 0 1=banking crisis, 0=none against 0 1=banking crisis, 0=none in Mongolia as of 2017.
- What is the difference in banking crisis dummy between Latvia and Mongolia?
- 0 1=banking crisis, 0=none, with Latvia ahead.
- How many years of comparable data are there for Latvia and Mongolia?
- 48 years are reported by both, from 1970 to 2017.
- How do Latvia and Mongolia rank globally for banking crisis dummy?
- Latvia ranks 4th and Mongolia ranks 4th of 214 countries.
- Where does this data come from?
- Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163, published as Banking crisis dummy (1=banking crisis, 0=none). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
A banking crisis is defined as systemic if two conditions are met: a. Significant signs of financial distress in the banking system (as indicated bysignificant bank runs, losses in the banking system, and/or bank liquidations), b. Significant banking policy intervention measures in response to significant losses in the banking system. The first year that both criteria are met is considered as the year when the crisis start becoming systemic. The end of a crisis is defined the year before both real GDP growth and real credit growth are positive for at least two consecutive years.