<p>Several articles use data sets on this issue but I am not sure that all the data sets are freely available.</p>

<ol>
<li><p>Valencia &amp; Laeven (2012) use the IMF country reports to create their data set. It covers all IMF member countries since 1970.<br>
<strong>EDIT:</strong> it is available <a href="https://www.imf.org/en/Publications/WP/Issues/2018/09/14/Systemic-Banking-Crises-Revisited-46232" rel="nofollow noreferrer">here, as pointed out by @dismalscience.</a></p></li>
<li><p>Reinhart and Rogoff (2009) have 70 countries since roughly 1900 based on a wide set of sources. </p></li>
<li><p>Romer &amp; Romer (2017) construct financial distress index at semi-annual frequency for 24 countries based on the OECD Economic Outlook. It is available since 1967. This data set is <a href="https://www.aeaweb.org/articles?id=10.1257/aer.20150320" rel="nofollow noreferrer">freely available</a> and also contains a measure for the depth of the crisis.</p></li>
</ol>

CC BY-SA 4.0
2019-12-31T17:54:00.887Z
The IMF database is publicly available. The most recent version is at the “data” link here: https://www.imf.org/en/Publications/WP/Issues/2018/09/14/Systemic-Banking-Crises-Revisited-46232
dismalscience
CC BY-SA 4.0
2019-12-31T11:04:25.240Z
2020-02-06T00:41:09.087Z
2020-02-06T00:41:09.087Z
Grada Gukovic
<p>Many financial crises are at the global level, yet some of them can be country-specific, especially the ones connected with political instability. </p>

<p>For example, the 1990 recession of Russia, the 1958 recession in China, and the recent Brazil currency crisis is kind of independent of the global economic situation. The Eurozone crisis also only applies to a limit number of nations. Examples also include the Iceland bankruptcy.</p>

<p>So my question is, how could we identify those country-specific crises? Are there any established methods/datasets? Any references or ideas or suggests or guidelines will help!</p>

<reference-request><economic-growth><finance><political-economy><economic-crisis>
Country specific economic recession/financial crisis data?
High GPA
# Country specific economic recession/financial crisis data?

(Asked by: username_0 on 2019-12-31)

Many financial crises are at the global level, yet some of them can be country-specific, especially the ones connected with political instability.

For example, the 1990 recession of Russia, the 1958 recession in China, and the recent Brazil currency crisis is kind of independent of the global economic situation. The Eurozone crisis also only applies to a limit number of nations. Examples also include the Iceland bankruptcy.

So my question is, how could we identify those country-specific crises? Are there any established methods/datasets? Any references or ideas or suggests or guidelines will help!

**Tags:** reference-request, economic-growth, finance, political-economy, economic-crisis

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## 1 answers

### Answer by username_1 on 2019-12-31. Score: 4 | Accepted answer

Several articles use data sets on this issue but I am not sure that all the data sets are freely available.

1. Valencia & Laeven (2012) use the IMF country reports to create their data set. It covers all IMF member countries since 1970.  
   **EDIT:** it is available [here, as pointed out by @dismalscience.](https://www.imf.org/en/Publications/WP/Issues/2018/09/14/Systemic-Banking-Crises-Revisited-46232)
2. Reinhart and Rogoff (2009) have 70 countries since roughly 1900 based on a wide set of sources.
3. Romer & Romer (2017) construct financial distress index at semi-annual frequency for 24 countries based on the OECD Economic Outlook. It is available since 1967. This data set is [freely available](https://www.aeaweb.org/articles?id=10.1257/aer.20150320) and also contains a measure for the depth of the crisis.

> **Comments:**
> **username_2**: The IMF database is publicly available. The most recent version is at the “data” link here: https://www.imf.org/en/Publications/WP/Issues/2018/09/14/Systemic-Banking-Crises-Revisited-46232  

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