The Effect of Banking Crises on Non-Life Insurance Consumption
51 Pages Posted: 22 Oct 2014 Last revised: 18 May 2018
Date Written: October 21, 2014
We study the association between banking crises and non-life insurance consumption using cross-country panel of data from 139 countries from 1988 to 2010. We find a persistent and excess decline in non-life insurance consumption after a banking crisis in the higher income countries. We explore several possible explanations for the decrease with additional controls, but none fully explain the observed association.
Keywords: Banking Crises, Credit, Investment, Non-life Insurance
JEL Classification: G01, G22, E22
Suggested Citation: Suggested Citation