1 “...This paper explores how a multivariate logit empirical model of banking crisis probabilities can...”

2 “... studies-the signals approach and the multivariate probability model-and their application to studying...”

3 “... on their external debt. Specifically, for given total external debt, the probability of a crisis increases...”

4 “... the probability of a banking crisis, but less so where the institutional environment is strong. In particular...”