FinObservatory

Crisis atlas / HND / 1873–1925

Honduras, 1873–1925

One crisis episode: distinct crisis years merged across gaps of up to two non-crisis years. Types, source agreement, and macro context are drawn from the union of five primary chronologies.

Sovereign debt

Crisis years in this episode

Every distinct (year, type) event inside the 1873–1925 window, with the chronologies flagging it and the count of agreeing sources. Start-year sources (GMD, JST) mark only the first year, so agreement falls in the continuation years.

  1. 1873
    Sovereign debtgmd, rr2 sources
  2. 1874
    Sovereign debtrr1 source
  3. 1875
    Sovereign debtrr1 source
  4. 1876
    Sovereign debtrr1 source
  5. 1877
    Sovereign debtrr1 source
  6. 1878
    Sovereign debtrr1 source
  7. 1879
    Sovereign debtrr1 source
  8. 1880
    Sovereign debtrr1 source
  9. 1881
    Sovereign debtrr1 source
  10. 1882
    Sovereign debtrr1 source
  11. 1883
    Sovereign debtrr1 source
  12. 1884
    Sovereign debtrr1 source
  13. 1885
    Sovereign debtrr1 source
  14. 1886
    Sovereign debtrr1 source
  15. 1887
    Sovereign debtrr1 source
  16. 1888
    Sovereign debtrr1 source
  17. 1889
    Sovereign debtrr1 source
  18. 1890
    Sovereign debtrr1 source
  19. 1891
    Sovereign debtrr1 source
  20. 1892
    Sovereign debtrr1 source
  21. 1893
    Sovereign debtrr1 source
  22. 1894
    Sovereign debtrr1 source
  23. 1895
    Sovereign debtrr1 source
  24. 1896
    Sovereign debtrr1 source
  25. 1897
    Sovereign debtrr1 source
  26. 1898
    Sovereign debtrr1 source
  27. 1899
    Sovereign debtrr1 source
  28. 1900
    Sovereign debtrr1 source
  29. 1901
    Sovereign debtrr1 source
  30. 1902
    Sovereign debtrr1 source
  31. 1903
    Sovereign debtrr1 source
  32. 1904
    Sovereign debtrr1 source
  33. 1905
    Sovereign debtrr1 source
  34. 1906
    Sovereign debtrr1 source
  35. 1907
    Sovereign debtrr1 source
  36. 1908
    Sovereign debtrr1 source
  37. 1909
    Sovereign debtrr1 source
  38. 1910
    Sovereign debtrr1 source
  39. 1911
    Sovereign debtrr1 source
  40. 1912
    Sovereign debtrr1 source
  41. 1913
    Sovereign debtrr1 source
  42. 1914
    Sovereign debtrr1 source
  43. 1915
    Sovereign debtrr1 source
  44. 1916
    Sovereign debtrr1 source
  45. 1917
    Sovereign debtrr1 source
  46. 1918
    Sovereign debtrr1 source
  47. 1919
    Sovereign debtrr1 source
  48. 1920
    Sovereign debtrr1 source
  49. 1921
    Sovereign debtrr1 source
  50. 1922
    Sovereign debtrr1 source
  51. 1923
    Sovereign debtrr1 source
  52. 1924
    Sovereign debtrr1 source
  53. 1925
    Sovereign debtrr1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Laeven-Valencia banking-crisis detail

Laeven-Valencia reports fiscal cost and output loss for systemic banking crises only. This episode involves sovereign debt crises, for which no comparable cost figures exist in the source chronologies.

Macro context, 18661932

Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Honduras in this window are shown. Bank credit growth (year over year in total loans) is available for the 18 Jordà-Schularick-Taylor advanced economies.

Real GDP growth (% y/y)
-20020186618731932
Govt debt (% of GDP)
0100200300186618731932

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 (credit) Real GDP growth is derived as the year-over-year change in real GDP; current account and government debt are percent of GDP; policy rate is the central-bank rate; bank credit growth is the year-over-year change in JST total loans. Methodology

How each source dates this episode

The chronologies disagree on start years and durations. This table is generated from the event rows, not curated: it lists, per crisis type, which source flags which years inside the window.

Sovereign debt
  • Global Macro Database1873
  • Reinhart-Rogoff1873, 1874, 1875, 1876, 1877, 1878, 1879, 1880, 1881, 1882, 1883, 1884, 1885, 1886, 1887, 1888, 1889, 1890, 1891, 1892, 1893, 1894, 1895, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924, 1925

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Policy-response case studies (external)

For qualitative accounts of how authorities intervened in systemic crises, see the Yale Program on Financial Stability New Bagehot Project, a library of financial-crisis intervention case studies. It is a separate qualitative resource; no specific case is asserted to match this episode.